Bitcoin ready for a new start?

Bitcoin ready for a new start? The number of positive opinions on the future of cryptocurrencies is growing.

Bitcoin ready for a new start? - bitcoin02

The recent increase in the value of Bitcoin led to a barrage of price forecasts from experts and analysts, with some observers indicating how the rest of 2018 will be a particularly dynamic earnings period for the major cryptocurrency.

One of the most ambitious estimates came from the billionaire investor Tim Draper, who made his fortune thanks to the first investments in some web companies like Twitter e Skype or Whatsapp, and that in 2014 - in evidently not suspicious times - had correctly foreseen the price of the Bitcoin it would have gone up from $ 300 to $ 10.000.

“I'm thinking of a price of $ 250.000 for Bitcoin by 2022, "said Draper in front of a crowd gathered outside Draper University in California. “Trust me, it will happen. You will think he is crazy, but believe it, it will happen and it will be fantastic "- he further declared.

All the positive predictions about Bitcoin

But why have Bitcoin prices started running again? The price of Bitcoin at the time of writing this article is around $ 8.000, according to CoinMarketCap data, although falling from almost $ 20.000 per unit at the end of 2017, but certainly recovering from the deepest peaks of the last few weeks.

A price trajectory that was also predicted by other analysts, who believe that significant April price hikes could trigger a bullish phase in the market. "The deflationary characteristics of the Bitcoin indicate that the market is bullish in the long term "- Rodrigo Marques, CEO of the investment platform told The Independent cryptocurrency Atlas Quantum. "We believe that the price may be about to rise further, and have the potential to reach December 2017 levels again," he continued.

Olga Feldmeier, CEO of Smart Valor, believes that the time frame for reaching this price is less than eight months starting today. “I believe we will see a return in prices Bitcoin on thresholds reached at the end of 2017 by the end of the year "- said Feldmeier -" In the next two years I still foresee that we could see it reach a value of $ 100.000 ".

Some well-known figures in the world of cryptocurrencies have been even more optimistic about the future of Bitcoin, with John McAfee, a pioneer of cyber security, who in November 2017 stated that the cryptocurrency would reach $ 1 million by 2020.