A trader just made a million dollar bet that Bitcoin would be over $50k by the end of 2018 A large trader (or traders) just plopped down a million dollars betting that Bitcoin would hit $50k sometime in 2018.
1 million dollar is nothing for those big whales, they have tons of money to begin with and I'm sure that if even bitcoin didn't get to over $50K by the end of the year, they wouldn't budge a bit. But it we are going to pegged the price of bitcoin to lets say $10K, it would be x5 and it looks like its possible to be met within this year.
$ 20000 is the highest price to date. I think bitcoin is in need of stability and upgrading because the bitcoin trading speed is slow. If possible in 2018, the bitcoin will reach $ 30000.
By the end of this year, bitcoin will be at 20,000 dollars easily but if we talk about next year, bitcoin is going to cross 25, 000 dollars easily by the mid of 2018. By the end, it will be more than 30,000 dollars because the investment into bitcoin is increasing day by day and so are its prices. It is not a big deal for bitcoin to go beyond 30,000 dollars next year. I don’t think so it needs to be stable in prices at all.
I don’t really know, but I still think it will be possible. Just like in 2017, we never expected Bitcoin to reach up to that rate of $19000. Beginning of the year 2017, it was at the rate of $1000+, but within a short while, it started rising till it reached its highest and then went for a fall.
Yes, that's why I said that its really hittable. 2017 shows us how bitcoin to it, I know that its not safe to assume, but if you look at how bitcoin suddenly reaches all-time-highs last year, you will think that it will be easy for bitcoin to go to $50K or more this year. Maybe it can surpass it mid-year, when everyone started to renewed their interest on bitcoin and push its price to levels who never think is possible is short amount of time. Let's wait and see.
