Bitcoin prices spiked to a record-breaking high of $6,000 this month,the question is,will its keep it momentum?Some analysts believe its price will continue to rise over the next few years following its recent split into two different cryptocurrencies in an event known as “hard fork”
“I believe in the next three years you will probably see $25,000 to $30,000 for bitcoin. It could double twice from here in the next 36 months.”
1)MORE ICOs WILL DRIVE CRYPTOCURRENCIES:
The emergence of the ICOs on the market makes the cryptocurrency investment industry stronger. The whole cryptocurrency market cap has already surpassed $100 billion USD and keeps growing.
Adam Norrie stated to Coinidol.com that new money entering the industry is also a reason for the Bitcoin price to continue growing. He said:
2)cryptocurrency speculators entering the arena
From another side, the recent price fluctuation is often associated by experts with speculation on the cryptocurrency markets, especially by the Chinese, and a bubble inflated by exchanges.
Joël Hubert, Software engineer at Otonomos , a Blockchain-enabled company governance processes with Ethereum, said:
Reasons Bitcoin will reach 10k soon
8 years ago
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