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.
Market Loses $6 Billion In New Downtrend: Coming Closer To A $3,000 Bitcoin
Criminals Are Threatening Business Owners In Amsterdam Demanding 50,000 Euros Worth Of Bitcoin
“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.
Fake Debt Collectors Manage To Steal $50,000 In BTC From Four People In Australia
Venezuela’s Growing Interest In Bitcoin Trading: A Way Out Of The Hyperinflation Exodus
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