After a few days of uncertainty in the cryptographic markets, with Bitcoin (BTC) falling below $ 7000 for the first time since November 2017, some crypto experts have predicted an overall price increase. Experts say CNBC today announced that total market capitalization of all secrets could amount to $ 1 trillion and BTC itself could reach $ 50,000 by the end of the year.
Jamie Burke, Managing Director of Outlier Ventures, Europe's first real estate company, said CNBC said the prediction was expected to be followed by a market crash:
"We believe that after February, the market is likely to grow if it is not larger than last year, potentially reaching $ 1,000 billion before the winter is over when the market is more concentrated. on the appropriate market principles "
Thomas Glucksmann, APAC Sales Director at Gatecoin, sees regulations, the introduction of institutional capital, and technical advances such as the Lightning Network are key elements that increase the price of secrets. . He told CNBC by email:
"There is no reason why we can not see a $ 50,000 bitcoin machine in December."
Back in April 2017 when the BTC reached a former high of $ 1,300, Glucksmann commented on the link between price hikes and the start of a one-month SEC Review. Review the twins Winklevoss Bitcoin recommends ETF.
SEC trading and Commodity Futures Trading Commission (CFTC) hearings held yesterday, Feb. 6, on their role in the field of cryptocurrency may have helped trigger the market to see a significant rebound today. now, February 7th.
Glucksmann also wrote that one possible factor in the development of the next market could be the release of a cryptocurrency-based ETF, just as the BTC's price has risen to $ 16,800 in December 2017. when CBOE launches its future:
"An appetizing dish for bulls, or a catalyst for recovery, would be the introduction of a tool that is supported by the cryptocurrency listed on a large exchange." in the pipeline, just for a while until we have a cryptocurrency backed ETF (exchange traded fund). "
Utility tags such as IOTA, NEO and Ethereum are also a thing to watch in the coming months, CEO of Hercules Tech Mick Sherman told NBC:
"The gadget tags and property have a working background and the obvious reason to request both a blockchain and their token is likely to be valid this year. used for many years, meaning they are not worth the utility. "
Ran Neuner, host of CNBC's CryptoTrader, tweeted on Feb. 1 that Bitcoin is expected to reach $ 50,000 by the end of 2018:
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