Bitcoin Price May Hit $30,000 in 2019, Fund Manager Explains Why
Jehan Chu, co-founder of Kenetic Capital, predicts that Bitcoin price will reach the $30,000 mark by the end of the year.
By Julia SakovichUpdated
3 mins readPhoto: Marco Verch / Flickr
Bitcoin price has always been in the center of the attention of the world’s crypto community. And it is not surprising at all as Bitcoin has always been the largest crypto by its market cap and it doesn’t seem that something will change in this very aspect. Nevertheless, its price regularly changes which is a special topic for discussions.
As now it is absolutely clear that the crypto winter is over, it’s time for new predictions. According to Kenetic Capital co-founder Jihan Chu, Bitcoin price will reach the mark of $30,000 by the end of the current year already.
Speaking about Bitcoin and crypto in general, Jihan Chu noted:
“Ten years out from the bitcoin story, and we are starting to see the story become a reality. and what people are really seeing now is that cryptocurrency is not going away”
Influencing Factors
The expert believes that there are three factors that are boosting its price.
The first factor is the interest in cryptocurrencies noticed from the side of large companies. The list of giants that seem to be captured by crypto and blockchain is full of prominent names.
According to Chu, namely, big corporations will head the new stage of BTC adoption. Among them, he named JP Morgan with its JPMCoin and Facebook with its Globalcoin project. Chu also highlighted the role of Fidelity that has introduced institutional crypto custody
The second influencing factor is people’s disappointment in tech IPOs. The expert supposes that cryptocurrency could be an alternative investment option for a wide audience of investors.
“With the disappointment of Uber and Lyft IPOs in the market, people are looking for a different type of tech story, and one that’s perhaps accessible to all,” noted he.
And finally, the third enumerated factor is the expected Bitcoin halving. Coinspeaker has already reported that this event will take place in May 2020. Traditionally, the year before halving was very successful for BTC as its price was skyrocketing. And now the situation has all the chances to happen again.
Though many people believe that a BTC exchange-traded fund (ETF) can also boost its price, Chu doesn’t share this opinion. He highlighted that major companies entering the industry may have a stronger impact on BTC price than ETF approval.
Among the other crypto assets that may have a bright future, the expert named Ethereum and XRP, noting significant achievements of Ripple in the development of XRP-powered solutions for banks.
Let us remind that in November 2017, Jehan Chu stated that by the end of 2018 BTC would reach $50,000 and even repeated his prediction a little bit later, in January 2018. Nevertheless, at the end of 2018 Bitcoin was traded at almost $3,000.
So, we’ll hope that now Chu is right, but in reality, only the time will show what the future holds for us (and Bitcoin price, of course).
I’m a content writer and editor with extensive experience creating high-quality content across a range of industries. Currently, I serve as the Editor-in-Chief at Coinspeaker, where I lead content strategy, oversee editorial workflows, and ensure that every piece meets the highest standards. In this role, I collaborate closely with writers, researchers, and industry experts to deliver content that not only informs and educates but also sparks meaningful discussion around innovation.
Much of my work focuses on blockchain, cryptocurrencies, artificial intelligence, and software development, where I bring together editorial expertise, subject knowledge, and leadership experience to shape meaningful conversations about technology and its real-world impact. I’m particularly passionate about exploring how emerging technologies intersect with business, society, and everyday life. Whether I’m writing about decentralized finance, AI applications, or the latest in software development, my goal is always to make complex subjects accessible, relevant, and valuable to readers.
My academic background has played an important role in shaping my approach to content. I studied Intercultural Communications, PR, and Translation at Minsk State Linguistic University, and later pursued a Master’s degree in Economics and Management at the Belarusian State Economic University. The combination of linguistic, communication, and business training has given me the ability to translate complex technical and economic concepts into clear, engaging narratives for diverse audiences.
Over the years, my articles have been featured on a variety of platforms. In addition to contributing to company blogs—primarily for software development agencies—my work has appeared in well-regarded outlets such as SwissCognitive, HackerNoon, Tech Company News, and SmallBizClub, among others.
