[2018-05-12] Bitcoin Moons to $36,000 by End of 2019 According to Fundstrat

[limek]

Fundstrat Global, a favorite research firm in the cryptosphere with Wall Street-street cred, is once again providing eye-popping bitcoin (BTC) predictions. This time analysis depends largely on what’s known as the mining economy. Hash power and hardware advancement all combine to show a possible $36,000 BTC price by the end of next year, they claim.

Fundstrat Continues Moon Price Predictions

Fundstrat’s head of data research, Sam Doctor, explained, “The release of the next generation of rig hardware should trigger a new round of capex as well as hash power growth, which could accelerate if BTC price appreciates.”

Capex is short for capital expenditure, and refers here to upgrades in technology such as mining rigs. Hash power growth can be thought of as cryptocurrencies such as bitcoin using proof of work, relying on a unit of measure basically recording power consumed by the network to keep it humming along, in this case, roughly every ten minutes a block is found or generated.

Read more: https://news.bitcoin.com/bitcoin-moons-to-36000-by-end-of-2019-according-to-fundstrat/

[CryptoBry]

Well, it is always nice to hear many positive prediction or projection about the value of Bitcoin before the year ends. I am optimistic about Bitcoin though am more realistic so I hate to not adhere to this specific amount. I am even doubting if Bitcoin can be able to go back to the $20K level it reached (or almost reached depending on the exchange) late last year. But then again, I would be so happy to be proven wrong, of course. In other words, let's just wait for the time and see which prediction came true or got missed the track.

[aso118]

It is quite a done down for the time people were predicting Bitcoin's price to cross $100k and $1 million. The tempering of expectations of even the most strongest bulls has been caused by the crash in the first few months of 2018. I don't think developments in mining will trigger a bull rally.

[Jating]

Well, it is always nice to hear many positive prediction or projection about the value of Bitcoin before the year ends. I am optimistic about Bitcoin though am more realistic so I hate to not adhere to this specific amount. I am even doubting if Bitcoin can be able to go back to the $20K level it reached (or almost reached depending on the exchange) late last year. But then again, I would be so happy to be proven wrong, of course. In other words, let's just wait for the time and see which prediction came true or got missed the track.

Yeah, Fundstrat has been very bullish about bitcoin and its very welcoming to read this kind of news. Lately, we have read attacks coming from WB, BG and CM saying negative things about bitcoin and crypto assets.

So with positivism, I hope that we  can get back on track on hitting $10K which we have been struggling to get or even surpassed because the market keeps reacting violently on FUDs. I'm not saying that I'm doubting that we can get to $20K, but I would rather not put too much high expectations though, I will be happy to see bitcoin breaking 5 figure and then let's see how it goes at the end of 2018.

[veleten]

another bull prediction ,there is an article saying 64.000$,this one is less generous-only 36.000$
while I do believe the price will rise substancially(don't we all,anyways) the reasons for the growth are not and can't be only the mining/hashrate growth
sometimes it looks like there is a certain HQ planning and issuing a certain set of news,depending on the market
now that the bears are dominating ,it seems that cheery bullish news are here to try and give the market some "new hope"