I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.
Nobody has any control over the price so nobody has any reasonable expectation about what the price is going to do in the future. Prognostications by anyone, even people from the BTC Foundation, are rather worthless. It seems more likely they're trying to stoke demand since weak demand has been slowly deflating the price for awhile now. As members of the BTC Foundation, I expect they probably have significant Bitcoin holdings and are probably worried about how those holdings have depreciated in value over the last 6 or so months. Because of this, I would view such "predictions" as not only baseless (like any other price prediction), but also self-motivated and conflict-oriented. After all, I'm sure none of these guys would have ever predicted at the time Bitcoin was trading above $19,000 that it would ever again see a price below $7,000, and as we all know it reached that less than 6 months later! And that's why their predictions are worthless.
Immediately evident that you are a person who knows how to objectively understand the issue. As for the guys, I also think that they are not children of the famous VANGA. But as for the funds, it seems to me that the funds do not escalate the situation and do not create a stir around bitcoin and its prices. Perhaps the media spread panic on this topic, and the funds themselves are buying bitcoin in small batches at the moment.
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