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20,000 at its peak by December. Since the new year, times have been tougher for the popular cryptocurrency. 2018, though still young, has been a tumultuous year for Bitcoin. The exponential growth it had enjoyed for months leveled off and new interest and scrutiny from regulators—including a potential scandal with cryptocurrency Tether—have kept speculators and investors from going all in on Bitcoin in the short term. It can be hard to predict the future for Bitcoin—knowing exactly what will happen in the quickly evolving world of cryptocurrency is near impossible—but the outlook from most experts remain hopeful despite Bitcoin’s troubles through January. 9,261 at the time of publication. 10,000 mark—in some cases, even predicting it will reach a new high.
14,000, though noted in the long term, the price isn’t the most important aspect for the future of cryptocurrencies. Traders may disagree with that sentiment. While those who are invested in Bitcoin and cryptocurrency for the long haul—believing the technology will win out over skepticism and other hurdles—traders see the volatility along the way as an opportunity to capitalize as they try to get in during a dip and sell at a peak. Epstein was among a number of experts who are generally bullish on the near-term prospects for Bitcoin. 20,000 by the end of 2018 Q1. I expect the same pattern this year, due to profit taking, and seasonality.
15,000 by the end of the first quarter, though he noted that there are still plenty of challenges—especially regarding public perception—for Bitcoin to gain legitimacy and realize its value. In general, most experts believe Bitcoin will regain some of the value lost in recent weeks. In a poll conducted by IBT from Jan. 25 – 30, more than a dozen experts gave their first quarter forecast for Bitcoin.
However, there are plenty of skeptics who foresee a struggle for Bitcoin. 900 by the end of the first quarter of 2018. Instead, real-life practical use cases for a cryptocurrency are the best indicators of future gains. For that reason, Gordon-Blake predicted Bitcoin would lag behind altcoins that are more well-equipped to handle high-volume activity and transactions.