There are many analysts predicting the future Bitcoin price however, according to a CNBC report, one analyst predicted the bitcoin price would reach $2000 in 2017, which was achieved on 20 April 2017, and he is now predicting the price will be $100,000 in ten years.
Bitcoin reached an all time high over $2700 on 25 May 2017 amidst very bullish fundamentals.
Cryptocurrency is not going away – it is here to stay!
Since March 2017, there has been significant buy into altcoins such as Ethereum, Dash, LiteCoin, Ripple and Monero. Some Altcoins have different unique selling points but are they being used for these applications or is this just speculation for profit which could be a high risk activity.
The altcoin bubble could burst and the money flow back into Bitcoin which could drive the price higher. The Bitcoins value continues to grow despite charts showing a deminishing market dominance as altcoins grow in value. Bitcoin is reaching highs not seen before thus increasing marketcap as adoption by institutions, investors and consumers grows.
Read more: Live Marketcap charts here
Read more: Whoa! Why are Bitcoin Prices Booming?
Read more: What is Driving the Bitcoin Price?
Read more: Bitcoin Price Predictions
What is your prediction? Leave your comment below…
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