Bitcoin is promoting! Bitcoin has risen to $ 6,000 as a result of good news.

Despite balloon warnings by some institutions about Bitcoin and Altcoins, it seems that investors have become more and more relevant to Bitcoin as an asset class.

One of the most important psychological powers in the financial markets is 'fear of missing train'. Despite the balloon warnings that some institutions have made about Bitcoin and other crypto money, it seems that investor has become more and more relevant to Bitcoin as an asset class. Over the course of this year, Bitcoin, whose price has increased by more than five quarts to more than $ 6,000, is claimed to reach $ 25,000 in 5 years.

A SPECULATIVE BALLOON ACCORDING TO UBS

During this week, Bitcoin and two opposite façades once faced each other. According to Swiss financial institution UBS, crypto money like Bitcoin is not a "speculative balloon" and is not likely to become real currencies. According to a report in the world, Goldman Sachs notes that currencies like Bitcoin are not 'new gold' and that precious metals are still the long-term best savings tool.

HEDGE FUND TO BE ESTABLISHED FOR CRYPTO MONEY

But Ami Ben-David, one of the founders of the venture capital fund Spice, says that in the last 12 months traditional financial circles have changed the perception of Bitcoin. Ben-David states that financiers who do not want to 'miss the train' want to know more about Bitcoin, and that Bitcoin is now promoted to an asset class in Wall Street and London. Joe Hall, a partner at law firm Davis Polk, also held a teleconference to inform Bitcoin about the demands of customers and noted that fund managers were looking for ways to meet the growing demand for investors for Bitcoin. On the other hand, hedge fund manager Mike Novogratz plans to set up a hedge fund for crypto money transactions. This interest is expected to be reflected as a rapid rise in prices.

Analysts predict that Bitcoin will reach $ 7,500 in mid-2018. Price expectations are much more ambitious in the long run. Tom Lee, founder of FundStrat Global Advisor, predicted that the price of Bitcoin would reach $ 25,000 in 5 years. Lee argues that Bitcoin can take its place under the long-term valuation model, considering what it does to Businessinsider. In the future, Lee says that in the future all of the business will be carried out in digital environment and that the personally encoded crypto money that has been 'unacknowledged' for seven years will become precious in such an environment. "If our personal information is as valuable as gold, Bitcoin is gold for us," says Lee. "The $ 9 trillion gold market is a saving tool for a certain generation of investment. We think that future generations will see Bitcoin as a means of saving. If you invest only 5 percent of the gold market, Bitcoin will cost 25,000 dollars. "

MEDIUM TERM, 7500 DOLLARS EXPECTED

At the moment there are over 1,000 different crypto moneys on the market, and Bitcoin is the most known of them, the highest market value and more than 50 percent more in the last few weeks. "We think that the sharp increase in the value of crypto money over the last few months is a speculative balloon," UBS publishing week said. These crypto moneys used to be quite doubtful that one day they would become mainstream currencies. UBS argued that corporations and individuals' taxes are serious obstacles to the government's need to pay in cash and the unlimited supply opportunities of crypto-money in the widespread use of cryptographic money.

GOLDMAN: BITCOIN IS NOT 'NEW GOLD'

Goldman Sachs notes that currencies like Bitcoin are not 'new gold' and that precious metals are still the long-term best savings tool. Goldman Sachs has commented on why it is more useful to hold gold in the note portfolios it sends to its customers. Indicating that precious metals are long-term best saving instruments, the institution also objected to some not seeing Bitcoin as 'digital gold'. Goldman emphasized that Bitcoin is "sensitive" to hacking and high volatility in prices.

Stating that the virtual currencies are regulatory risks, Goldman showed the latest Bitcoin ban in China as an example. It was reminded that two different crypto currencies, Bitcoin and Bitcoin Cash, emerged last summer, during which the crypto money could be transformed into a new structure.

He noted that the daily volatility beneath Goldman is less and noted that in 2017 the volatility in Bitcoin was about seven times that of gold. "The crypto money is not 'new gold' despite its recent popularity. While spot gold rose above 10 percent this year, the virtual currency Bitcoin, which experienced harsh fluctuations, was valued at over 400 percent.

Bitcoin investor earned 600% in 10 months. Bitcoin number of wallets increased by 60% within 10 months. The number of Bitcoin wallets has reached 17.5 million.

The price of Bitcoin rises day by day, and interest in Bitcoine is increasing. What will happen in the future is unknown, but the interest of people in Bitcoine increases every day.

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