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Bitcoin [BTC] predictions by top influencers – $250K by 2022, bullish all the way!




Bitcoin price prediction by influencers - $250K by 2022
Source: Flickr

Bitcoin grazed $8500 today at 11:20 UTC before retracing back to $8300 which is still at a 5% increase from yesterday. The current market cap of Bitcoin stands at $141 billion and dominates the market by 42%.

Despite the poor first quarter performance, everyone from influencers to investors and even skeptics feel that Bitcoin’s resilience to the massive regulatory crackdown and governmental pressure makes it a very stubborn digital currency which could propel prices with ten times more the intensity that was experienced towards the last leg of 2017 where Bitcoin peaked at $20K.

Following are predictions from various sources of importance in the order of predicted valuation:

  • Pantera Capital: They are an investment firm based out of San Francisco, CA focusing solely on virtual currencies and blockchain technology. Their prediction stands at Bitcoin – $20,000 within this year.
  • Thomas Lee, Co-Founder of Fundstrat Global: Wall Street investment specialists put Bitcoin at $25,000 within this year.
  • Anthony Pompliano: Predicts Bitcoin at $50,000 within this year.
  • Mike Dudas: The Co-founder of Button predicts Bitcoin to be $50,000 by next year.
  • Alistair Milne, CIO of Altana Digital Currency Fund: Based out of Monte-Carlo, Monaco, predicts Bitcoin around $35,000 – $60,000 by 2020 halving.
  • Tim Draper: Founder of DFJ Venture Capital, based out of Menlo Park, CA predicts Bitcoin at $250,000 by 2022.
  • Brian Kelly: CNBC Fast Money Trader and author of The Bitcoin Big Bang predicts Bitcoin at $250,000 by 2022.

A lot of analysts have predicted that Bitcoin could potentially see a massive bull run with Tax day concerns wearing off. Many from the community like Daniel Godhino, a Financial Advisor from Chicago feel that traditionalists who call Bitcoin a bubble would be living in a bubble themselves. He says,

“People who call Bitcoin a bubble are traditional, close-minded oldies who probably will not live past the next 10-20 years. The challenge was initially cross $1000, I think it will only be upwards from here. Looking back at history, we will be doing this same conversation when Bitcoin hits a peak at $100K and then probably retracing back to $50K and people crying that Bitcoin is a bubble”

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Andrea Pierre Jackson is a contributing News writer at AMBCrypto from December 2017. She has previous writing experience with major publishing houses in the UK and the US. Andrea currently does not hold any position in any cryptocurrency or its projects

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Bitcoin prices hit $150 billion market cap for the first time in 2019 as prices pump by 11%




Bitcoin prices hits $150 billion market cap for the first time in 2019 as prices pump by 11%
Source: Unsplash

Bitcoin’s parabolic rise that started in April seems to be staggering as the increase in price vs. the number of days it took to increase was surprising, considering the prolonged bear market.

The recent pump on May 27 at 23:30 UTC [+5:30] pumped the price from $7.995 to $8,939 in 7 hours with each green candle forming one after another. However, the price reached a peak at 05:30 UTC [+5:30]. After which the price declined by 2.85%.

Source: TradingView

Moreover, at press time, the market cap of Bitcoin has reached a new high, i.e., $154 billion and the price reaching $8,900 is a new all-time high of Bitcoin in 2019. Bitcoin’s total rise YTD was 146% and in a 24-hour time frame, the price of Bitcoin was up by 8.71%.

Meanwhile, altcoins have also followed suit as Ethereum pumped by 7.21%, XRP by 7%, Bitcoin Cash by 9.53%, Litecoin pumped the most in top 10 as it was up by 11.23% in 24-hours. Tron, the eleventh largest cryptocurrency pumped by 13.84%, at press time.

Anthony Pompliano, a well-known Bitcoin enthusiast tweeted:

“Someone check on @nouriel. Bitcoin seems to be coming back with a vengeance ever since he blocked most of Bitcoin Twitter.”

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