Bitcoin Forecast 2018

Here are the predictions made by 7 experts about the price of digital currency.

The soaring Bitcoin price observed in 2017 has sparked the enthusiasm of many observers - and some have confided their predictions about the price that Bitcoin could reach in 2018.

It's a fact: Many observers are talking about crazy prices for Bitcoin - some say up to $ 1 million by 2020.

But at the same time, newcomers to this market are caught between two fires. If they believe that the price of digital money should increase in the coming years, they can not help wondering if they have not paid too much - they could have obtained 15 times more if they had taken it a little earlier:



And some fear, in the short term, a sharp correction of the price of Bitcoin - while several financial analysts mention the existence of a speculative bubble, which would threaten to burst at any time.

We remember that the course of Bitcoin plunged last November, while the network was arguing the "hash rate" of minors against one of its forks, Bitcoin Cash. The price of digital currency had thus risen from more than 7,700 to nearly 5,500 dollars in less than 4 days, registering a drop of nearly 30%.

Since then, investors seem to be divided between the specter of a similar decline and a feeling of "FOMO".

The problem is that it is very difficult to evaluate the price of cryptocurrencies. In fact, unlike stock market equities, these are not linked to income levels. As a result, indicators commonly used in traditional markets, such as the price-earning ratio, can not be used by "crypto-investors".

But some analysts have devised other methods to consider the price that could eventually reach the first digital currency. These include the Bitcoin adoption rate, valuation spreads with other asset classes, and imbalances between money supply and demand.