You can easily find out Bitcoin price today. But it’s hard to predict how much it will cost tomorrow, in a month or a year. We have carried out the analysis and are ready to share our forecast.
When the value of the major crypto approached the mark of $20,000, everyone said that the conquest of the peaks will continue. Someone swore that he would soon sell one BTC for $100,000. Someone [John McAfee] even was going to eat his genitals, if the “impossible” happened and Bitcoin did not reach the mark of 1 million US dollars the next 2 years.
Factors of Bitcoin Pricing in 2018
Let’s be objective. For cryptocurrency, 2018 is the year of the market state regulation. This year, state governments have begun to take seriously the issue of legal regulation of cryptocurrencies. In the course of the year, compromises will be found and cryptocurrency will receive a legislative base. This is a good thing, but such a reform would affect cryptocurrency prices, especially those of top coins (BTC, Ripple, Ethereum, etc.).
In addition, “the Moon” in December 2017 – January 2018 did not have a sufficient market justification. Today, BTC pricing is not as speculative as it used to be earlier. This means that the Bitcoin price growth will slow down significantly. However, periodic market recessions will be followed by growth, therefore, in our opinion, within the second half of 2018 the cost of the coin will gradually return to $9,000 (but it is unlikely that BTC can surge to $20,000).
Maximum Price of Bitcoin in 2018 – What to Expect?
Increasing investors’ interest in altcoins will affect the value of the leading crypto. Dynamics of its growth will also be affected by a drop in the interest of single miners to its mining. That is why, the question that this cryptocurrency will cost 100,000-200,000 USD is no longer very relevant.
But we have no doubts that the price of the “digital gold” will continue to grow. The governments of most developed countries are moving to a strategy of positive regulation of bitcoins, recognizing their viability as a financial resource (digital asset). In December 2018 1 BTC will possibly cost approximately $9,000 USD, which indicates that the cryptocurrency remains an interesting object for investment. At the same time, we won’t be surprised to see the repetition of the 2017 December speculative history. A serious investor should not hope for it, although it is worthwhile to be ready.
Bitcoin (BTC) Price Prediction 2018, 2019, 2020
We now see that institutional investors are gradually entering into the cryptocurrency market. A huge infrastructure is forming around cryptocurrencies. Why will Bitcoin price rise? It is not just a digital coin. BTC is a well-known brand, which is considered to be the so-called “digital gold” (as we mentioned above). Hence we need a powerful trigger which will push its price up. Most probably, ETF launch will be such a trigger. As for triggers in the long run, many people are waiting for “halving” (halving the reward for the block). This will happen on 21 May 2020 and this will probably be a major reason for the crypto to surge again.
In the table below you can see our Bitcoin price forecast for 2018, 2019, and 2020.
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Disclaimer. This information is our estimate. The forecast of the cost of Bitcoin for 2018, 2019, and 2020 shows the maximum prices that are possible during a certain period. Consider that the cryptocurrency market is regularly subject to corrections.