2018 was not a great year for bitcoin investors as the price of bitcoin remained in a downfall the whole year starting from over $17000 at the start of the year to the lowest level of $3200 last month. Bitcoin price is still in a bearish momentum currently trading around $3770 (at the time of writing). Though the current year has been one of the worst years for bitcoin, the next year’s bitcoin predictions are quite bullish as the some of the most prominent people in the cryptocurrency space are hoping huge institutional adoption next year with the upcoming large projects such as Bakkt and Nasdaq Bitcoin Futures launching early next year. Also, people are hoping that the SEC may approve the VanEck Bitcoin ETF on the next hearing on 27th February 2019. All of these combined prove to be quite sound for Bitcoin.
Here are some of the most bullish bitcoin predictions for 2019:
Sonny Singh: $20000
Sonny Singh, the CEO of Bitpay wallet which is one of the most used bitcoin wallets in the world had stated his bitcoin predictions for 2019 in an interview with the financial times stating that bitcoin will be worth more than $20,000 in 2019.
Ronnie Moas: $28000
According to Ronnie Moas’s bitcoin predictions, bitcoin will reach $28000 by 2019 end as he believes that the demand for bitcoin will be increased massively with the decreasing supply.
Sad to watch the top 1% scare the crap out of you | separating you from your $BTC #bitcoin & keeping the gap between rich & poor | Reiterating $28,000 target for end-2019 | Do Not take a bet you can’t afford to lose | I surround myself w/ #brightest minds & they all agree w/ me
— Ronnie Moas (@RonnieMoas) September 9, 2018
John Mcafee: $170000 by 31st December 2019
John Mcafee, the most famous name in the cryptocurrency space has been a great supporter of bitcoin from many years. John Mcafee was in the news earlier for his bitcoin prediction of $1 million by 2020. John stated that he would eat his own d**k on national television if bitcoin does not reach $1 million by the end of 2020. Although John has not given his predictions for 2019, it seems that if bitcoin is to reach $170000 by 2020, then it must be at least half of it by next year which means around $85000 by next year end?
When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. pic.twitter.com/WVx3E71nyD
— John McAfee (@officialmcafee) November 29, 2017
Disclaimer: The following article is not financial advice. This article represents the thoughts of the writer and not coinnounce.com or any of its associates. Readers are advised to do thorough research and analysis before making any investment decisions in the cryptocurrency market which is quite volatile.