Bitcoin Community is had experienced one of the greatest crash to bitcoin price at the start of this year as it is a custom for bitcoin price to hit the floor at the start of each year.
In these situations some experts are still giving optimistic prediction about the price of bitcoin.
Gatcoin's Thomas Gluckmanns had previously said in November that bitcoin is undervalued and now he thinks that price of bitcoin will rebound from $7000 to $50000.
In his interview to CNBC he gave three logical reasons for rebound
first off all regulations which are although responsible for crash however will also help to nullify the bad image of bitcoin exchanges.
Secondly The major institutes will be able to invest after understanding the regulations on exchanges.
The last and the more solid reason that he gave is the major technology developments that will attract more and more investors towards bitcoin. Jamie Broke the CEO of Outlier ventures also believes that market capital will hit trillion dollar mark at the end of this year and the bull run will start after the end of February.
Topic: Bitcoin Could Hit $50,000 At the End of this Year Predicted By Experts (Read 47 times)
February 07, 2018, 07:50:07 PM
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