• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
Bitcoin Price Experts
Nexo Logo

Bitcoin Price Forecasts Paint a Rosy Future for Cryptocurrency

Gautham by Gautham
5 years ago
in Cryptocurrency news
Reading Time: 2 mins read
Advertisement

Bitcoin, the popular cryptocurrency has got many people coming up with different price forecast almost every other day. The price estimate ranges from a meager $1000 increase to trade at close to $4000, to $5000 in the next few months. Not to forget the overly optimistic prediction that puts Bitcoin price at $50,000 in the next ten years. Whether these predictions come true or not, the general sentiment among the investors and some portion of financial community continues to be positive.

The latest price forecast of a 100% rise in Bitcoin value comes from Ronnie Moas, the founder of Standpoint Research. Moas also presented a strong case in favor of the prediction by stating that he invested in the cryptocurrency last weekend to profit from its appreciation in value.

A leading financial news outlet quoted Moas stating,

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

“$5000 could happen in a few months. It’s only starting to gain traction right now. It’s starting to spread like wildfire right now.”

He went on further to justify the investment in Bitcoin by saying,

“This is not something I could keep my hands off of. What would be more painful that losing [money in cryptocurrencies] is not acting.”

His existing cryptocurrency portfolio, according to the publication consists of few hundred dollars’ worth of Bitcoin, Ethereum, and Litecoin.

Earlier, Sheba Jafari, a technical analyst at Goldman Sachs also provided a similar forecast where Bitcoin price is expected to hit $3915 in the coming months. If these predictions do come true, then the community can look forward to the cryptocurrency’s value doubling by the end of the year 2017.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

The driving factors of Bitcoin price remains almost the same, which is increasing demand due to expanding community, geopolitical conditions, legalization of cryptocurrency and poor economic performance of countries.

However, there is some uncertainty in the community with respect to the upcoming SegWit implementation. It is to be seen how the scalability solution will impact the cryptocurrency’s price, as in short-term there is a high possibility of the value going both ways before stabilizing and growing to forecasted levels.

However, let us hope that Moas is right and Bitcoin will witness unprecedented growth rising to $5000 in a year’s time and $50,000 by the end of this decade.

Ref: CNBC | Image: NewsBTC

 

Tags: bitcoinBitcoin Newsbitcoin pricecryptocurrencyforecastNews
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Gautham

Gautham

Related Posts

Crypto Hedge Fund 3 Arrows Capital (3AC) Files For Bankruptcy

Crypto Hedge Fund 3 Arrows Capital (3AC) Files For Bankruptcy

8 hours ago
Bitcoin

Can This Bitcoin Ratio Have Hints For A Bottom?

17 hours ago
Greek Artist Sends Pro-Freedom Message with Assange NFT Drop

Greek Artist Sends Pro-Freedom Message with Assange NFT Drop

1 day ago
World Of Women, screenshot from the website

Blue Chip NFTs 101: The World Of Women Collection, Including And Conquering

1 day ago
crypto bear

Leading Crypto Exchanges See Negative Funding Rates, Have The Bears Taken Over?

2 days ago
bitcoin

Why Bitcoin Could Return To $28,000, But By The End Of 2022

2 days ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
BC.Game

BC.Game

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
BC.Game

BC.Game

Review · Visit

A LPL-like tournament in the GameFi circle, offering 500K USD in total prize: DracooMaster Champion Series 2022 unveiled

July 3, 2022

GRN (G) Gets Listed On XT.com

July 3, 2022

Fitmint Raises $1.6 Million to Power Up Move-to-Earn Revolution

July 3, 2022

Three Meme Tokens Making Big Strides This Year: Big Eyes (BIG), GM Wagmi (GM), and Dogelon Mars (ELON)

July 3, 2022

Xchange Monster (MXCH), bringing the GameFi Revolution Now

July 3, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.