Another prediction: by the end of 2018 bitcoin will be worth $60 000

Astronomical predictions of the rate of bitcoin has long become commonplace. However, what seemed unattainable a year ago, is now considered a long-passed stage. Not more than six months ago, in June, many laughed at the forecast value of bitcoin to the end of the year of $5 000 and $10 000 didn’t believe almost no one. Today, those same people dream of getting a time machine to buy bitcoins at this price.

Current prediction rates increased in the order, but who can guarantee that they will not repeat the fate of previous?

Outstanding analyst and investor tai Lopez (Tai Lopez) suggested that if millionaires all over the world investing only 1% of their money in bitcoin, in the medium term, the price can reach $ 60,000.

According to a report by Forbes, there are nearly 15 million dollar millionaires, with more than 5 million of them are in the USA and Canada.

Investor Mike Novogratz (Mike Novogratz) recently predicted that in the short term the price of bitcoin will easily overcome a mark in 40 000 dollars by the end of 2018.

The basis of the forecast Novogratz is the entrance of tens of billions of dollars of traditional financial industry and institutional investors in the cryptocurrency market via futures on bitcoin, which today traded on two major U.S. exchanges.

Chicago Board options exchange CBOE was the first major financial institution, which launched futures trading on bitcoin. The exchange has shown a rapid growth in demand from institutional investors and retail traders. And on 18 December it was joined by the CME — the world’s largest exchange commodity futures.

To date, the market capitalization of bitcoin exceeds $ 300 billion. When bitcoin will be worth $ 60,000, its market capitalization will exceed 1 trillion U.S. dollars.

Analysts, including the CEO of Coinbase Brian Armstrong has repeatedly stressed that about $ 10 billion in institutional money waiting for investment in bitcoin. But the daily trading volume on the world market for bitcoins is already over 16 billion US dollars.

In order for the bitcoin price has reached $ 60,000, small and large investors will need in the next few months to invest in the cryptocurrency hundreds of billions of dollars. Now it looks detached from reality, but 2017-th year has already convinced many that the bitcoin nothing is impossible.

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