As 2018 winds down, the year has been a mixture of sadness and pleasure. Let’s face it, cryptocurrency exchanges and other crypto firms have had an amazing outing this year, raking in millions of dollars despite a market bear. Therefore, in keeping with the tradition of the industry, many cryptocurrency experts are making their predictions of 2019.
So, in this article, we will look at 9 predictions that industry leaders have made.
1. Michael Novogratz
One of the predictions on our list is by Michael Novogratz, the CEO of investment firm Galaxy Digital. Well, Novogratz predicted that Bitcoin will finish 2018 between $8,800 USD and $9,000 USD. Additionally, looking at what will happen in 2019, he said that the cryptocurrency will hit $10,000 USD by end of Q1 2019. In fact, he told Financial Times that Bitcoin’s return to $20,000 USD is still feasible.
2. Sonny Singh
Well, the next crypto analyst is Sonny Singh, the Chief Commercial Officer at pay processor BitPay. Singh agreed with Novogratz on Bitcioin reaching $20,000 USD. However, he says that the price is feasible by the end of 2019. In addition, in one of his predictions the Chief Commercial officer indicates that Bitcoin would never drop below $20,000 USD once it gets to that price.
3. Anthony Pompliano
Anthony Pompliano is the founder of Morgan Creek Digital Assets. His predictions, include the fact that Bitcoin will reach $50,000 USD by the end of 2018. However, he would later admit that his prediction was “wrong.” Additionally, he said that Bitcoin would drop to $3,000 USD before spiking in Q3 2019.
4. Sam Doctor
Similarly, Sam Doctor, Fundstrat’s Quant Strategist, pegged Bitcoin at $36,000 by the end of 2019. Doctor made this prediction based on the growth of Bitcoin mining infrastructure.
5. John McAfee
According to John McAfee, a popular Bitcoin analyst, Bitcoin will reach $1M USD by 2020. However, he refused to include the price of Bitcoin for 2019 in his list of predictions.
6. Ronnie Moas
In one of his predictions, Bitcoin analyst Ronnie Moas says that the preeminent cryptocurrency would hit $28,000 USD in 2019. In fact, he encouraged more investors to keep buying the cryptocurrency so as not to miss the benefit.
7. Vinny Lingham
The CEO of CiviKey, Vinny Lingham, predicted the price of Bitcoin at a conference in Las Vegas this November. Lingham says the price of Bitcoin will settle at $20,000 USD in 2019. However, Lingham does not agree with Moas’ prediction of $28,000 USD.
8. Fran Strajnar
The CEO of Brand New Coin, Fran Strajnar, has a presumably ambitious prediction. Indeed, he predicts the price of Bitcoin will hit $200,000 USD by January 1st, 2020. Therefore, an interview, he hinged his prediction on the overwhelming rate of adoption of Bitcoin.
9. Authur Hayes
Authur Hayes is the CEO of BitMEX. Well, Hayes expected Bitcoin to rise to $50,000 USD by 2018. However, the bear market made him change his mind. Consequently, he said that the bear market will end in 2020.
*This post is credited to Bittpress