prediction bitcoin 2018

prediction bitcoin 2018

I only need to point you to the 2016 US presidential elections to show you how wrong the pollster prophets were. They still seemed to not have recovered from their bad polling.

So with Bitcoin, we will look at some of the price predictions and other predictions that may or may not be accurate. Part of the issue is that this technology is still on the low side of the bell curve of global acceptance. So basically, the herd has not caught onto it just yet.

Just to put a little perspective on this short article, it is going on the last full week of April 2018 at the time of this report. Looking at CoinMarketCap, Bitcoin is priced at $8,879. Keep that in mind as we look at a few predictions for 2018 regarding Bitcoin.

Standpoint Research under Ronnie Moas has predicted Bitcoin to be at $20,000 per coin by the end of November 2018. This is doable, based on the understanding that the stock market is overpriced and the USD is devaluing globally. Of course, the tax cuts in the United States opening up growth in the American economy may not have been a factor that was considered, which could slow down the devaluing of the USD.

Mike Novogratz is calling for Bitcoin to reach $40,000 by the end of 2018. Mike is a serious investor in this space and has been investing in ICO. So his insight is valuable. It is based on a strong belief that institutional investors are poised to invest heavily in Bitcoin. This will pour a lot of needed capital into this technology and will be the vehicle to bring the price per bitcoin up substantially.

McAfee has predicted the wildest and craziest at $1 Million by the end of 2020. Maybe he was talking about Bitcoin Cash, we are not sure. Either way, that is quite a prediction and would be very cool if that happens.