Bitcoin-related predictions might trigger a ray of hope in the hearts of everyone who left 2018 with broken dreams regarding cryptos.
As you all know, 2018 was a pretty tough year for the crypto enthusiasts who were rooting for a surge in the coins’ value.
The whole year has been under the spell of a bearish trend, and the entire market crashed harder than even towards the end of the year.
But experts in crypto advised holders and all crypto enthusiasts not to lose hope because this was nothing more than a year for correction, and the best is yet to come.
Bitcoin could hit $5,000
Oracle Times reported that the chief executive of Double Line Capital, Jeffrey Gundlach, a prominent businessman, “has recently made a prediction that would trigger a lot of excitement in the crypto community if it were to become a reality.”
He claimed that BTC could ”make it to $5,000” and give investors a 25$ gain.
Gundlach has been managing more than $200 billion worth of assets, and he’s the one who called the stock market’s monster sell-off back in December 2018.
It’s very interesting to note that he also used to call Bitcoin the “poster child for social mood and market mood.”
Gundlach said that the digital asset could soon jump 25% to $5,000, but he highlighted the fact that his advice to investors is to “get the heck out of bitcoin.”
He said “I don’t recommend anything with bitcoin, really … but if you want to speculate, I think it could make it to $5,000. Talk about an easy 25 percent.”
BTC’s market cap to reach $7 trillion
The Winklevoss twins have also made a prediction about Bitcoin that could make the heart of any BTC enthusiast skip a beat.
They believe that BTC’s market cap could boost beyond $7 trillion and BTC is” better at being gold than gold.”
We’ll see what 2019 holds for Bitcoin’s price and market cap.
Rada attended the courses in the Faculty of Letters, Romanian-English section, and finished the Faculty of Theatre and Television, Theatrical Journalism section, both within the framework of Babeş-Bolyai University of Cluj-Napoca. Up till now, she reviewed books, movies, and theatre-plays, enjoying subjects from the cultural niche. Her experience in writing also intersects the IT niche, given the fact that she worked as a content editor for firms that produce software for mobile devices. She is collaborating with online advertising agencies, writing articles for several websites and blogs.