With a momentary spike above $11,000 levels, the price of Bitcoin has pulled back down again and is consolidating around $10,700 levels.
Dan Morehead, the founder and CEO of Pantera Capital, believes that bitcoin bear market is about to turn bullish. He expects Bitcoin to start rising in the next couple of weeks and reach its new highs.
According to yesterday published JPMorgan’s Global Research, despite it will be very difficult for cryptos to completely displace government-issued currencies, they can play a decisive role in the diversification of global bond and equity portfolios.
Being highly volatile, Bitcoin price is a subject matter for many analysts. Ronnie Moas predicts that Bitcoin will hit $100,000.
Some experts call it “healthy fall”and blame numerous governmental restrictions for the Bitcoin slide while many investors try to get rid of the cryptocurrency by all means.
Bitcoin’s expert Tom Lee joins cryptocurrency enthusiasts, betting on the king of altcoins to skyrocket in upcoming year. Despite all misfortunes that altcoin has come through from the start of the year, he has forecasted Bitcoin to hit $125,000 benchmark by 2022.
Kay Van-Petersen believes that 2018 can bring Bitcoin a significant rise and expresses support for the future of Ethereum.
Summing up conducted researches, Bitcoin experts explain price volatility of conventional cryptocurrency and make a bet on meteoric increase in its price during ongoing year.
Ripple’s leads the charge to the soaring cryptocurrency markets as the cryptocurrency price gains more than 43% in last 24 hours.
With overstretched valuations in the tech sector last year, Peter Theil considered the option of investing in Bitcoins.
Turning out to be a dark horse, Ripple storms the crypto market by surging above $2.5.
Bitcoin price sheds by more than 11% in value as South Korean government hints a possibility of a shutdown of the local exchanges.
Winklevoss brothers, who gained global popularity after their trial with Mark Zuckerberg for Facebook ownership, nowadays seem to be major Bitcoin investors, holding about $1.9B in digital assets.