Bitcoin: One more 'Bullish' Prediction of 2017

in #bitcoin • 7 years ago (edited)


Hello steemian friends, warm welcome!

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Bitcoin Prediction:

Wall Street strategist 'Tom Lee' made a bullish prediction for bitcoin in a report titled "A framework for valuing bitcoin as a substitute for gold."
Fundstrat's Tom Lee estimates that bitcoin price could hit in between 20,000 USD to 55,000 USD within next 5 years i.e. 2022.

Bitcoin growth so far this year (2017):

On Sunday, Jan 01 2017, 13:49:32 UTC
Bitcoin Price was 973.75 USD with a Market Cap of 15,654,632,630 USD.

And today on Saturday, Jul 08 2017, 00:14:09 UTC
Bitcoin price is trading on 2518.77 with a 41,393,025,395 USD Market Cap.
(Source: https://coinmarketcap.com)

This means 2.59x (or 159%) growth in just 189 days.

2 Big reasons behind such bullish prediction:

 Bitcoin is a decentralized cryptocurrency
 There is a limited supply of Bitcoin (only 21 Million can be mined in its lifetime)

Thank you for reading! 😆😆 and also tell me what are your predictions for Bitcoin in near future???..

Love and peace!
@charlie26

https://steemit.com/steemit/@charlie26/my-steemit-experience-thanks-authors-and-followers
#prediction #price #bullish
7 years ago in #bitcoin by
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