Bitcoin-BTC USD 25,000 at the end of 2019

in #bitcoin5 years ago (edited)

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Bitcoin price analyst (BTC) Oliver Isaacs believes it will reach $ 25,000 by the end of 2019, according to a report by The Independent on June 5.

Isaacs spoke of the reasons why he still has high hopes for a rally in the near future, saying:

"There are multiple factors behind the recent resurgence, there are geopolitical, technological and regulatory factors.The net effect of the trade war between the US and China has led to a sudden interest in bitcoin as a hedge of investments."

Reportedly, Draper also commented on the status of major adoption trends, with giant corporations such as Microsoft, Amazon, Starbucks and Whole Foods now accepting payments in crypto.

The investor Tim Draper thinks that the adoption of the mainstream will take place in the coming years. Draper even goes so far as to say that BTC will reach 250,000 USD in 2023. He commented on how he imagines the near future, saying:

"I think when you go to Starbucks to buy a cup of coffee, and you try to pay with dollars, they laugh at you because you're not using bitcoin or another cryptocurrency [...] It's as if the old woman paid with pennies."

SFOX analysts have been more pessimistic, calling the prospects for the crypto market "uncertain" and warning that the recent growth of bitcoin may have simply been FOMO (fear of losing it). They also pointed to the ongoing US trade war with China as a reason for the BTC rebound last month.
As already reported by Cointelegraph, the University of Notre Dame and the Pacific Northwest National Laboratory carried out a study on the speed and scale of the cryptocurrency debates at Reddit. The study looked at the price and the debate on the official subrecodes of Bitcoin (BTC), Ethereum (ETH) and Monero (XMR) from January 2015 to January 2018.

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