Everyone is talking about the position of Bitcoin in the market. According to many crypto gurus, Bitcoin can high a huge $50,000 mark this year 2018, despite its poor performance in the last few months. You can’t anything for sure when it comes to cryptocurrencies. There’re lots of new predictions and guessworks are coming up for crypto coins. One such prediction is circulating in the crypto world that suggests Bitcoin can touch a high $50,000 point this year.
Jeet Singh, a crypto portfolio manager, stated that present volatility is totally normal when it comes to crypto space. He also said that it’s normal for crypto coins to fluctuate by 60% to 80%. That’s one of the main reasons the present volatility doesn’t bother him at all. He compared digital currencies to the top leading companies like Apple and Microsoft. In the beginning, their stocks were also quite volatile. After staying in the game and developing their business model, their stocks not only rose but also they became stable.
There’re also some other experts who are quite optimistic for Bitcoin levitation this year. But you are supposed to do your own research to make a good decision. It’s not necessary that all of these predictions will prove true. So, you should take these predictions with a pinch of salt, as these are just guessworks.
How you look at these predictions? Have something informative to share with us? Please feel free to offer your suggestions with us using the comment section below. We always value your feedback and love hearing from our visitors.
Martin has been following the crypto space since 2013. He is a passionate advocate for blockchain technology, and believes that it will have a profound impact on how people live their lives. In addition to being an avid blogger, Martin also enjoys writing about developments in the industry as well as providing useful guides to help those who are new to this exciting frontier of finance and technology.