The sentiment of Bitcoin heading to the moon isn’t going anywhere soon and each and every passing day more crypto experts are coming out to reinforce the belief. The latest statement has been made by experts who are known for their bullish bitcoin predictions. They say Bitcoin will hit $36,000 by end of 2019.
These claims have been made by Fundstrat Global Advisors who are well known for their positive predictions when it comes to Bitcoin and other cryptocurrencies. It’s the second forecast in a week after they predicted the price of Bitcoin was set to peak during the upcoming consensus meeting.
Sam Doctor of Fund start wrote in a report addressing investors on Thursday noting that the value of Bitcoin could be anywhere between the range of $20,000 to $64,000. If this is to be believed, then the top crypto coin has a long way to go given that it’s currently trading at $9,153.
Sam’s prediction is based on the fact that improving cryptocurrency mining economics are in support of price appreciation.
Fundstart says:
“Bitcoin miners verify and process transactions, supporting the network in exchange for mining rewards and transaction fees, We argue that the Price/Miner’s Breakeven Cost multiple has proven a reliable long-term support level, and further, that the likely trajectory of future mining infrastructure growth should underpin Bitcoin price appreciation into year-end 2019.”
The latest call from Fund start comes just three days after Bitcoin bull Tom Lee predicted the price of BTC was set to rally following the upcoming consensus conference that will be held in Manhattan and it’s expected to bring together more than 7,000 industry experts together.
Even though their predictions have varied over time, they have maintained the top crypto coin is set to hit $125,000 by the year 2022.
Bolbhai

Bolbhai

I have been a developer for last five years working experience in different technology, apart from this I loved traveling, blogging and exploring the crypto world.

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