Bitcoin Price Will Hit New All-Time Highs in 2019: Quoine CEO

[Lmaooo]

Bitcoin price will likely reclaim or surpass its all-time high by the end of 2019, guesstimated Mike Kayamori.

The Quoine chief told Bloomberg in an interview that while it is difficult to predict how much time bitcoin would take to establish a new peak, he is sure it would touch it nonetheless. Adding that he believed bitcoin bottom is near, Kayamori stated that the market would not show any significant bullish corrections until the end of this year. But after the new year, a lot of catalysts could influence a sustainable rally in the bitcoin market.

“Japanese regulators are starting to open up again. They are going to approve new exchanges. They are going to approve new listings. All of these things will start from the new year,” Kayamori explained while linking the growing compliance with the influx of institutional investments into the bitcoin space.

“The global trend is to accommodate these high-frequency traders […] There is going to be this dealers-brokers who will be offering crypto to their retail customers. And there [are] these OTC brokers who will be providing services to institutional investors,” he added.

https://www.ccn.com/bitcoin-price-will-hit-new-all-time-highs-in-2019-quoine-ceo/

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[butka]

So he is short term bearish, and medium to long term bullish. Nothing new here, I could have told you the same. What's good, however, is the possible step forward in Japanese regulations of this space. And he should know this very well. Japan is huge on crypto and if the regulations are favorable, it could be a great for a larger bitcoin adoption.

[Pursuer]

it is impossible to predict it now and in my opinion it is unlikely for bitcoin to reach a new ATH at this point because when the market was healthier and the manipulative dump had not happened yet, the confidence was still low despite the ongoing accumulation. but when the dump came and crashed the market, it took the confidence away with it. right now only whales are filling their pockets and for the confidence to come back, it will take a long time hence making a new ATH (which should be $20k+) not possible in 2019.

we will surely see rises soon because it is also impossible to keep the price  down for long but I don't expect big rallies for a long time.

[DaMut]

2019 might be a good year for us and for crypto users, but personally, I do not think it will happen next year. Right now we are in capitulation, and usually, they need a few months of times to finish that and then starting to recover the price, Recovering the price could take a year of time or so in order to reach its price again from before. And do not forget the fact that a lot of people got burned because of the hype that happened with us in early 2018, we need more investor and also we need more adoption to surpass our ATH again and it is very unlikely to happen in 2019.

[harizen]

With or without technical analysis, if we point about "end of 2019" then there is always a chance for that "positive" speculation to happened.

Within the timeframe period from now to end of 2019, there are lots of surprised events that might happened along the way triggering the bullish activty. But of couse, as I always said, speculations will remained speculations until it happened. Aside from that, since everything has chances to happened, we might also see a continous worst performance of bitcoin price throughout next year.

Don't rely on prediction no matter how good or worst it is. We can have those as reference instead. Just stay focus on our usual way of dealing with the crypto price movement.

[khaled0111]

Each year we hear the same thing (a well known person on a well known media tells us that by the end of the next year Bitcoin price will hit a new record high) then, we discover it is just bullshit.
Only technical improvements can make Bitcoin price soar.

[figmentofmyass]

With or without technical analysis, if we point about "end of 2019" then there is always a chance for that "positive" speculation to happened.

Within the timeframe period from now to end of 2019, there are lots of surprised events that might happened along the way triggering the bullish activty.

anything is possible, but i'd bet against it. with a more bullish structure i could see it. but as things are, the recovery hasn't even begun. after a year of bleeding and an 83% decline (possibly more before it's over), there's incredible resistance above.

just like 2015 and 2016, it will take time to recover and begin pushing upwards. after the low in january 2015, we didn't make a new ATH until february 2017. we may not have even seen the low yet this time!

[RamonBTC]

What’s the worth of selling now when the price is on downside. Hodling may not as popular as before and more development happens outside bitcoin community that drag as to this scenario.

I will not stop promoting being optimistic and be different from what other think.

It works for me for so long and it will soon be happening soon. Bitcoin future is how we dreamt of it and no black propaganda can change that in me.

2019: It will ROCK! Bitcoin still on TOP!

[Pursuer]

Only technical improvements can make Bitcoin price soar.

bitcoin doesn't need any "technical improvement" to soar. it is already the most technically advanced currency that exists.
what it needs is adoption and as adoption grows the price of it soars. similar to last year when we had some major adoption cases happen with Japan and a couple of other countries and then we had another major adoption as the scaling solution was implemented after about 3 years.

[Crypdon]

He is right about the otc trades for institutional whale investors. When the infrastructure is in place the whales will swarm in, and coinbase is now offering otc trading.

[el kaka22]

Everyone makes up a new estimates all the time, every single day when you check the news there is a new person making a new estimate or some old crypto dude changing his past estimates and so forth. When will we really learn that there is no single person in the whole world who can estimate the price of bitcoin in the long run. There could be some people who say the price will go up or down and eventually be right but after couple of correct runs they will be wrong as well.

There is no indicator that could signal the best possible outcome neither because all signals fail when it comes to unexpected stuff. Who or what could have expected Craig to sell thousands of bitcoin all at once and crippling the economy the way he did ? No one and nothing. Do not believe this dude neither, he could be right, he could be wrong, he is just making it up based on nothing.

[shield132]

Possible we can say that but to be fair from current situation it's not most likely that will happen. It's very hard to predict price in 2019 but to my mind we can proudly say that after this upcoming halving, bitcoin will really reach it's all-time high. But after all, coin which was able to jump from 10K to 14K in some hours, there is nothing impossible here, btw expect 60K in 2020 instead of 2019.

[khaled0111]

Only technical improvements can make Bitcoin price soar.

bitcoin doesn't need any "technical improvement" to soar. it is already the most technically advanced currency that exists.
what it needs is adoption and as adoption grows the price of it soars. similar to last year when we had some major adoption cases happen with Japan and a couple of other countries and then we had another major adoption as the scaling solution was implemented after about 3 years.

If we want to see more adoption, we should have a perfect product which is not the case (unfortunately). We all remember what happened last year and the scalability problem that came with mass adoption.

[BTCGOLD]

After all, this type of statement is just predicting from a crystal ball. Nobody is able to determine when the new ATH will come. One day it will surely come, but whether it will be 2019, or 2020 or maybe 2021, nobody can say that - certainly not yet.

[WinslowIII]

Wtf cares what the ceo of quoine says? Tom Lee was dead f'g wrong, why is this guy's prediction any more trustworthy?

[LeGaulois]

The guy is crazy and trying to get the buzz. Higher your prediction is, more famous you become on the media outlet 
Bitcoin has been fucked hard, I will be just happy if it gets back to $8,000 within 12 months. The adoption people are talking about will be a lot less now.

[thecodebear]

With or without technical analysis, if we point about "end of 2019" then there is always a chance for that "positive" speculation to happened.

Within the timeframe period from now to end of 2019, there are lots of surprised events that might happened along the way triggering the bullish activty.

anything is possible, but i'd bet against it. with a more bullish structure i could see it. but as things are, the recovery hasn't even begun. after a year of bleeding and an 83% decline (possibly more before it's over), there's incredible resistance above.

just like 2015 and 2016, it will take time to recover and begin pushing upwards. after the low in january 2015, we didn't make a new ATH until february 2017. we may not have even seen the low yet this time!

Exactly.

I very much doubt we'll see an ATH in 2019. Unless Wall St really jumps on in 2019 and buys up billions of dollars of Bitcoin to the point where the OTC markets are dry and big money have to buy a few billion dollars worth off exchanges, it just isn't gonna happen that quickly. And I think Wall St will take a couple years to really warm up to Bitcoin and to eat up a significant portion of the supply. With the november drop I'd say we're looking at a bottoming from here through mid-year 2019. I do expect prices to be moving up the second half of 2019, but I'd say $10k might be a good goal next year. $20k in 2020 I think for sure, and then probably a boom in 2021.

[tomahawk9]

Anything can happen but, that's quite the bullish prediction to make right in the middle of a downtrend. I don't know if the general public will take this guy seriously, I mean, throughout the whole year we've been hearing bullish predictions from CEO's and so called experts saying that the price was going to skyrocket at the end of the year, it didn't happen, so how are people suppose to believe this guy now?

Tbh, with this statement I think Mike Kayamori is just trying to keep his clients calm amidst the current bear market.

[abanansah]

This is the faith of we holding bitcoins, that by the new year bitcoins should go to the moon to its highest price ever in order to restore some of the lost of traders capital invested in it.