What Is The Future For Bitcoin?

“Future for Bitcoin” – it is true to say that Bitcoin price falling this year, experts think the game isn’t over yet. Also they believe it won’t be an easy ride for the Top 1 cryptocurrency.

There are huge predictions being made for Bitcoin. Some experts believe the price will hit even $30,000. They pointed:

“Speculation on price is always difficult…However, the trend for Bitcoin is clear – UP, going to about $20,000 USD from zero in 10 years. Each time Bitcoin corrects, the media Wrenches. However, anyone who has been watching cryptocurrency since the beginning knows to bet on $30,000.”

On the other side, you have the bearish camp, which predicts that all come to an end could turn prices down to $1,000. Have to mention, that fundamental value of Bitcoin is just $1,142.

It is likely that it will take some time for the price to reach this, before investors start panicking too much, even if it carries on the way that it is going. A finance professor says:

“Rationality of behaviour and expectations is not enough to prevent bubbles, as it is not enough to guarantee that the price of an asset is equal to its fundamental value.”

One thing that is for certain and that everyone can agree on, regardless of which side you support is that the volatility will not be going anywhere fast. Dimitris Ioannides, Digital Partnerships and Products and Partnerships Section Manager at OTE and COSMOTE says;

“No one can be sure of how it will end up. Bitcoin is expected to face the biggest battle of all…Regulators, governments, central banks are here to introduce new rules and put limits. For one thing we must be sure of. Bitcoin’s volatility will continue until the end.”