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hit 96,000 by 2023 he stated. Unfortunately, this camp is as heavy as that of hopefuls. "To reach the price of 96,000 seems achievable given past bull markets he stated. "Currently, the vast majority of the total cryptoasset market capitalization is held in traditional store of value markets, with offshore deposits accounting for nearly 40 of the total they stated in the report. Bullish Predictions 'Entirely Possible while the aforementioned analysts appeared skeptical, some market observers went on the record stating that bitcoin could very well hit 96,000 by 2023. Terms of Use and, privacy Policy. "It's valued as if it is a small company today Lee told ". Bitcoin is trading at 6,450 today, meaning it needs to increase 15 times in the next 5 years to reach 96,000. Cnbc's before the bell news roundup. Therefore, it does seem like Bitcoin will not reach the 20,000 price point, at least in 2019, even if it does so later. This makes us wonder if we should have more faith in what he is saying.

Which is more than 16x increase in 1 year. At 10,000, the cryptocurrency is solving a problem in the digital economy, which is " digital trust said Lee, co-founder of Fundstrat Global Advisors. So, bitcoin is essentially digital gold for another generation.". So, according to her, Bitcoin might have a price rise, but a stable price point will only be possible after at least another decade. Although some had been hopeful that Bitcoin couldnt possibly bottom any further, Bitcoin has remained firmly within the grasp of the bears, proving analysts such as Willy Woo right. Kristjan Dekleva, a Swiss crypto expert believes that this year holds no promise for Bitcoin. Lets have a look at the major opinions on both sides mit bitcoins handeln of the lines: The Hopefuls, some major experts in the crypto and tech scene have reasserted their faith in the ability of Bitcoin to bounce back and gain a momentum never seen before. It marked an exponential ascent from 6 cents seven years ago and less than 1,000 at the start of this year. Bitcoin is an incredibly promising form of currency, it would require heavy investments on the part of institutional investors to be able to drag it out of the sludge it currently.

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