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Bitcoin Price Will Reach $25k By 2019 And $250k By 2022, Experts Say

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There is no time when the Bitcoin price isn’t a hot topic. Whether it’s surging or sinking, the leading cryptocurrency is the most popular topics of all in the crypto space.

With the recent surge to over $8,000 Bitcoin got into the eyes of many investors, traders and experts who are having another say on the cryptocurrency’s future. According to analysts, there may be a sudden surge in demand from institutional investors, making the price of Bitcoin grow a lot by the end of this year.

A couple of days after the billionaire venture capitalist and SpaceX investor Tim Draper said that Bitcoin price is likely going towards $250,000 by the end of 2022, we are all curious to see what the short-term growth will be.

Speaking of which, the mid-term is what is more interesting for many analysts. One of them is the Wall Street analyst and Fundstrat founder Tom Lee, who stated that the Bitcoin price will achieve $25,000 by the start of 2019. He also said that this is a major correction, noting:

“We still feel pretty confident that bitcoin is a great risk-reward and we think it could reach $25,000 by the end of the year,”

The Bitcoin price recorded a 15% increase in only 3 days – rising from $6,900 to $8,000. If the momentum is being kept, Lee’s predictions may turn out true and overcome the previous all-time high.

At this point, the major breakdown happens with the question – does Bitcoin have the potential to evolve into a major currency that is used by millions of users, merchants, retailers, restaurants, cafes, and businesses?

If this is possible, then the mid-term price prediction is more than likely to happen – and the long-term goals of $250k are definitely something that could happen (even sooner than 2022). In the end, we are about to see what happens with the current regulation going on.

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Market Loses $6 Billion In New Downtrend: Coming Closer To A $3,000 Bitcoin

The cryptocurrency news over the past two days focuses on reds - where the Bitcoin price is still dropping and is right now at $3,871. Even though Bitcoin managed to slid to $3,678, the price has now corrected but no one knows whether this is permanent or only for the day. Other major cryptocurrencies such as Ethereum (ETH) and Stellar (XLM) have declined by even more. The price of Ethereum, for example, dropped from $112 to the current $103 while Stellar managed to slid from $0.15 to $0.13 by over 13%. The market lost billions and is now coming closer to the $120 billion mark, while many analysts expect Bitcoin to continue with this downward trend and potentially drop to $3,000. In the past 12 hours alone, the market lost more than $4 billion of its valuation as tokens lost on average around 10% to 20% of their value against the US dollar. On November 25th, the price of Bitcoin (BTC) managed to plunge to its yearly low of $3,456 as many bears began to fuel one of the strongest sell-offs this year. Based on the intensity of the downtrend of BTC over the past two weeks, a drop to a new yearly low in the $3,000 region may be unavoidable, especially if the volume of BTC is considered. Currently, the conditions of BTC remain oversold at $3,800 and in the short-term, the crypto market could experience a minor recovery from its low price range.
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Criminals Are Threatening Business Owners In Amsterdam Demanding 50,000 Euros Worth Of Bitcoin

Business owners in Amsterdam express their worries in today’s crypto news about criminals who are threatening to harm their businesses unless they pay them insanely high amounts of bitcoin. According to local NLTimes, multiple businesses received emails where the criminals demand more than 50,000 euros worth of bitcoin. If the business owners fail to pay the extorted sum, the criminals threaten that they will plant hand grenades where the business are or as a second option, the business will be shot upon. As a precaution, businesses are required to shut down in Amsterdam for an indefinite period of time in case explosive devices are found or a shooting takes place. A piece of the email threat reads:
 “You probably noticed how many entrepreneurs have had to close their doors recently by order of the municipality. To prevent you from being the next one, you must immediately take action.’’
In order to pay the extortion fee, the business owners are instructed to open a new account on two crypto exchanges and them being Coinbase and Coinmama. Next up they have to buy bitcoins on either one of the exchanges and then transfer them to a required address. At least three coffee shops have already received a threat like this in Amsterdam and also a few nightclubs. The criminals even said that the extortion fee will be doubled if the owners don’t make the payment in five days. The email recipients must keep the threat confidential and they are warned for informing the police or any other law enforcement body. If they don’t maintain the confidentiality, the extortion fee will reach a stunning 200,000 euros. However, there is no single business registered to have paid the said amount.
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Fake Debt Collectors Manage To Steal $50,000 In BTC From Four People In Australia

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Venezuela’s Growing Interest In Bitcoin Trading: A Way Out Of The Hyperinflation Exodus

We have been covering the economic crisis in Venezuela on many occasions on our DC Forecasts crypto news site - and the hyperinflation that has been staggering for many residents of the country. The good news, however, is that Venezuelans have found a way out of the crisis - in Bitcoin. According to Coin Dance, more than 300 million Bolivars (Venezuela's fiat currency) have been traded last week only - and the record could only be broken this week, knowing that more than 292 million Bolivars have already been traded.  
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