Since Bitcoin reached in the past year, an unexpected price increase of more than 2000%, there was a lot of speculation about the future price of the digital currency. Recently predicted Arthur Hayes, the head of the Bitcoin trading exchange BitMEX, which is based in the Seychelles, suggested that Bitcoin will rise by the end of this year to 50,000 US dollars – a whopping 500 percent increase over the current price of $8296$.
In the last 30 days Bitcoin between $8000 and (almost) the $10,000 was located. Hayes price forecast appears somewhat odd, with the current prices, strategy of the most of the Fund occurred, however, have found that the largest price movements to pass spaces in a relatively short time, often just a few days.
While Bitcoin’s price in the case of dramatic at the beginning of this year, Hayes had no fear for his price forecast. However, he added a disclaimer: “It is my Job forecast”, whether it be realized or not.
Although Bitcoins some of the Old-School traders could deter unpredictable fluctuations in the price of trade in, and these Hayes, that is a volatility trader, the life difficult for. In other words, the more fluctuations there are, the more money he earns.
“When it rises, when it falls, when Bill Gates referred to it as a fraud … to Sell it, it doesn’t matter to me. If you think that it will be in a few months, a Million dollars, then buy it. I still don’t care. We assign orders to only each other,“ said Hayes.
Many other price forecasts out in front of the Hayes
Hayes’ bullish forecast for Bitcoins Endjahres price (the”End-of-Year” short receive EOY) is of course not the only one.
After crypto-currency Crash at the beginning of this year, which is the Bitcoins reduced the price to about $7,000, insured the early Bitcoin investors and owners of the Gemini stock, the Winklewoss Twins, investors, that the market Crash is a buying opportunity and that the price of Bitcoin one day “40 times higher”
As the market consolidated, then, about the middle of February, met Thomas Glucksmann, head of the APAC business development in the crypto-exchange Gatecoin, exactly the same prediction as Hayes: “There is no reason, why Bitcoin is not until December 2018, up to $ 50,000 could be. “
A few days ago, the business have joined the leading partner of Fund Global and the Research Manager, Thomas Lee, recently, a new price forecast for Bitcoin released, which should reach by the end of 2019 36,000 USD.
And of course, how could we forget John McAfee’s infamous prediction that the bitcoin price in 2020 will reach $ 1 Million, as well as his unorthodox bet:
When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I still eat my dick if wrong want. pic.twitter.com/WVx3E71nyD
— John McAfee (@official McAfee) November 29, 2017
In fact, it gave so many predictions about bitcoin, a Reddit user summed up by the name of Chris Cambridge, all of various price forecasts in a single sentence:
“Bitcoin could reach [the price] to [insert date].
Stop with these stupid Posts to bitcoin’s future price.“