We have never seen so many optimistic Bitcoin price predictions than during the past few months. It seems everyone is very bullish on Bitcoin right now, and Michael Novogratz has made one of the bolder statements in this regard. In his opinion, there is no reason why the Bitcoin price couldn’t surpass US$40,000 by the end of 2018. That is a pretty optimistic forecast, as it would represent a 300% increase from today’s price. Whether that is achievable or not remains to be determined.
It is still rather remarkable that a lot of former financial experts have suddenly turned to Bitcoin as the new holy grail. While it is evident that the Bitcoin price has made every other form of investment look bad, there is no reason to think this trend will continue on indefinitely. The year 2017 has been pretty solid for Bitcoin in general, but things may still turn around on a moment’s notice.
Man today was crazy hey? 345 Billion market cap, then down to 300 again, and then back up to 320 and now back down to 300 again.
Good day to buy the dip. I smell market manipulation.
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STOPThat is possible. Bitcoin can rise to a million dollars as the dollar dies even in the next two years even before the year 2020 A.D. even. Thanks for sharing, hehe. I'm Oatmeal Joey Arnold. You can call me Joey.
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