Bitcoin can exceed $10000 by end of 2019

17 April, 2019

Forbes’ Clem Chambers says that Bitcoin (BTC) is gradually taking the place of gold in a recent article. The author also addressed the bullish Bitcoin price prediction, and he says that we’re out of the crypto winter.

Especially after the recent bulls that boosted BTC over $5,000, more experts and crypto analysts have stated that we are definitely out of the crypto winter. The bulls coming into the market and taking the bears’ place was something that everyone was expecting, and the crypto space became filled with excitement when this eventually happened.

Chambers points out in his Forbes article that gold is still the best option for a store of value for a really long time. He also said that for a lot of investors gold serves as a hedge asset against equities, as UToday reports.

On the other hand, we cannot overlook the new player in the game which is the digital asset Bitcoin which has been working for a long time without issues and interruptions.

Forbes’ author said that “Gold production is $140 billion, so that’s the amount of fiat that most come into the system to keep its price around $1,300 an ounce. Both assets have about the same emission as a percentage; the difference being the market cap of gold is about $5 trillion, and bitcoin is $0.09 trillion.”

The conclusion was that BTC is definitely a serious rival for gold even if it’s only entering its adolescent stage, unlike gold which has been around for a long time.

BTC can hit $10k by the end of 2019

Forbes’ author also said that the crypto winter is over and BTC will definitely surge some more this year. “Now bitcoin is going up, and I will be saying “It’s going up.” I think it will hit $6,000 soon and go on to $10,000. At $10,000 I will look to recalibrate. For now, the crypto winter is over.”


Source link   Presented by FxPro

Bitcoin price plummeted 8% overnight

Overnight, the bitcoin price has dropped from $10,959 to $10,068 against the U.S. dollar, recording an 8.13 percent slip within a 24-hour span. The short...

Will companies support Bitcoin?

The bulls once again supported Bitcoin without letting it drop below $9,700. At the beginning of the week, Bitcoin got a new impetus for growth due...

Bitcoin grew amid extreme fear

Over the past 24 hours, the BTC price has increased by 2%, and now the asset is changing hands by $10,400. Bitcoin fear index...


Another day with 7% drop for Bitcoin

Bitcoin lost more than 7% in a day and trades around $9,800. Many alternative cryptocurrencies, including XRP, ZEC, are traded near lows that were...

Bitcoin tumbles on planned trade talks

Bitcoin has now lost more than 20 percent of its value over the last 5 trading sessions, trading today back below the $10,000 mark and one...

Bitcoin price slides down

On Saturday, the BTC stopped fighting for the threshold of $12K, declining sharply to the lower limit of $11K, stabilizing at $11,400 by Monday...


Why Bitcoin will never replace fiat?

As the resident bitcoin skeptic at CCN.com, today I'll be looking at the myth that bitcoin will one day replace all fiat currencies. The bullish argument goes...

Max Keiser Predicts Bitcoin Dominance

Bitcoin maximalist and former Wall Street trader Max Keiser has recently claimed that Bitcoin (BTC) dominance is heading to 80% and that altcoins...

Bitcoin recover some losses

Over the past day, Bitcoin adds almost 3%, changing hands above $9,700. Although BTCUSD remains under the 50-day moving average...

  


Share it on:   or