An analyst has shown data that seems to belittle all forecasts that currently see Bitcoin hitting $20k in 2019. According to the data, there is a 93% chance that Bitcoin will stay below its all-time high.
Nigel Green, the CEO and co-founder of deVere Group, which is one of the world’s largest independent financial advisory organizations, predicted that Bitcoin price could hit $15,000 and that its new normal bottom is $10,000.
Many financial experts believe that the G20 summit, which recently ended in Osaka, Japan, should bring a multilateral decision on cryptocurrency regulation. The cryptocurrency market is proving that it is here to stay by growing almost +150% only this year.
Bitcoin’s price will drastically reduce over the next decade, while the crypto market will expand by 5000%, according to deVere Group’s founder Nigel Green.