- 1 Wow Bitcoin is on Boom: the right time to invest in BTC (Bitcoin price Prediction May 2019)
- 2 Bitcoin history and past trend from April 2013 to Aparil 2019
- 3 Bitcoin price Prediction 2019 by top market analyst
- 4 Our verdict on Bitcoin Price Prediction 2019: How high BTC will go and why?
Wow Bitcoin is on Boom: the right time to invest in BTC (Bitcoin price Prediction May 2019)
Finally, Bitcoin start tp touching sky and suddenly we saw a good boost in the price of BTC. Wherever the price of BTC was stuck between 4000 to 5000$, sudden it reached to approx $7400. Yes, The investors are quite happy and positive about Bitcoin investment. Our past Bitcoin price predictions for 2019 were quite positive about the price of BTC. And the analyst’s prediction also seems right is the things will go in the current scenario.
Bitcoin the top cryptocurrency of the digital market. This is the most tradeable cryptocurrency of the digital market. As we all know it crypto is one of the most unpredictable markets and you need a lot of trading experience and strategies to deal in Cryptocurrency market. It is quite tough to give the exact prediction of any digital currency but we can reach quite close to the actual future price by predicting it on the bases of past trends, demand, and supply circulation of any currency, Experts and investors advise and yes of course on your own search.
On the bases of multiple facts, we are going to forecast the prices of Bitcoin, But before forecasting the price of Bitcoin let’s have a look at the history and past trend of Bitcoin.
Bitcoin history and past trend from April 2013 to Aparil 2019
Bitcoin (BTC) is a new digital currency that enables a new payment system, It is a peer to peer payment network that requires no central authority to operate. The BTC was published by “Satoshi Nakamoto” On October 31st, 2008, as: “a purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.”
The BTC price was $135 on 29th April 2013, by the end of 2013 the BTC reached to the level of $ approx $1000. From the end of 2013, the price of BTC start to fall and it reaches up to 200$. From the period of 2013 to 2019 the BTC price maintains stability between 200 to 800$, it never crosses the level of $1000 between this period. But at the start of 2017 the price of bitcoin got a jump and in Jan 2017 it reaches approx $1100. After that, it constantly increasing, The year 2017 proven a golden year for BTC investors. The price of BTC reached to approx $19000 in December 2017.
The end of 2017 was the best period for BTC investors this was the period when BTC reached its maximum price level. But unfortunately the 2018 proven bad year for bitcoin. From the start of 2018, the price of BTC faced a constant fall. The Price of Bitcoin was approx $4000. Now in 2019 price of BTC didn’t get an unexpectable high or low jump. Today BTC is priced for $3897.59 USD.
What could be the price of Bitcoin by end of 2019? Should you invest in Bitcoin now? Bitcoin price Prediction 2019
If we talk about the future price of BTC, most of the analyst keeps a positive attitude towards the price of BTC. We also believe a big hike in the price of BTC price by end of 2019. However, there are so many issues get involved with Bitcoin like hacking and thefts. But still, Bitcoin maintains it’s the first position in the cryptocurrency market. The people more engaged with technology now and believe in investing in the digital currency, They understand the technology behind the bitcoin investment. The Bitcoin can reach up to $20000 by end of 2019 because of this year good prospect and development for BTC like NASDAQ launching BTC future, that too in the very beginning of 2019.
Bitcoin price Prediction 2019 by top market analyst
#1 John McAfee Bitcoin Price Prediction
John McAfee, the founder of the popular McAfee software and an ardent Bitcoin follower predicted that Bitcoin will hit $1 million by 2020 following last year’s prediction of $7000 which was well surpassed.
#2 Ronnie Moas Bitcoin Price Prediction
Ronnie Moas, a cryptocurrency analyst predicted that BTC might reach $28,000 by 2019. He believes the demand for BTC would increase with its decreasing supply. He made it somewhat clear that by 2019, the adoption rate would increase and hence people would demand more of it. We must remember that BTC is not unlimited in supply.
#3 Michael Novogratz Bitcoin Price Prediction
At the Finance Disrupted event organized by The Economist in Manhattan Mike Novogratz, former hedge fund chief and founder of Galaxy Digital stated that he believes that BTC won’t reach$9K this year, and its likely to break beyond $10,000 in the around the first quarter of 2019. This might take BTC to sky-reaching heights as it might soar way ahead of the all-time-high $20K mark.
#4 Fran Strajnar Bitcoin Price Prediction
Fran Strajnar comes up with a very optimistic prediction where he believes that BTC might reach $200,000 by January 2020. He believes that the rate of adoption is directly proportional to the price increase. The more the adoption rate, the more the increase in value.
#7 Bobby Lee Bitcoin Price Prediction
Bobby Lee, CEO of China’s first exchange- BTCC said before that it would take 20b years for BTC to reach $1 million. Now he claims Bitcoin might reach its all-time low in January 2019, reaching below $2500 and that Bitcoin might pick up from late 2020 and could reach $333,000 in 2021 and then fall down to $41,000 in 2023.
Our verdict on Bitcoin Price Prediction 2019: How high BTC will go and why?
2019 seems to be a good year for BTC investors. As the people start to believe in the technology behind bitcoin and understand the trading mechanism they more willing to invest in bitcoin in coming time. As we all know the price of a thing decided by the demand and supply of it, More will be the trade, more will be the price.
The will be bullish for Bitcoin, as by then the adaptability will be higher as more people will start believing in the technology behind Bitcoin. Bitcoin will reach up to $20,000 by the mid of 2019. The more the trading, the more the price. And most importantly the Bitcoins are in circulation, i.e. there can be only 21 million Bitcoins mined, out of which 17 million has been mined already, which means only 4 million to be >mined, which will make its value more.
The chances of Bitcoin price going up also decide by the countries like U.S., Japan, and South Korea showing great interest and willingness to integrate Bitcoin and other cryptocurrencies into their financial systems by setting up regulated markets which might function freely and securely.
So all the above factors can be a reason the price of bitcoin can achieve the level of 20k$ by end of 2019.