Predicting the price of Bitcoin is no easy thing! Failure comes even to market experts trying to predict the fluctuation in Bitcoin’s costs, and there are a lot of them who try. However, sometimes you receive a hint from the market! Due to lower mortgage rates, you can believe in the Bitcoin price prediction of this year as it is one of the best reasons. If you are confused, we will explain this below.
How the BTC’s price will rise if mortgage rates are lowered?
To begin with, you should keep one thing in mind before getting into more serious stuff: no direct relationship can be created between the mortgage rates and the Bitcoin price. However, the number of borrowings increases when the mortgage rates are falling. When the rates were higher, the market would have less money traveling on it, and the people would be more cautious when spending their money.
Various asset classes will begin being invested in thanks to this rise in the cash flow caused by lower mortgage rates. As the popularity of cryptocurrencies and Bitcoins is rising, people consider it an investment alternative which means that the crypto economy will get some amount of these funds.
What will happen to the price of Bitcoin in 2019
Predicting the Bitcoin price for 2019 might be considered bullish. The ‘crypto winter’ happened in 2018 when the cryptocurrencies experience price rises with as much as 60-80 percent. However, there will be a different situation occurring in 2019.
Institutional investors will be a reason that stays behind the optimism people feel in 2019 regarding the Bitcoin price prediction, as these people will take on a significant role. Institutional investors are people who have the possibility to invest millions in BTC or to be more accurate, in the crypto market as a whole.
Details about the price prediction are about to come.
Fergus Reynolds joined Crypto Daily Gazette as managing editor in January of 2018 and is helping to lead the digital media startup’s next phase of expansion. A veteran business journalist with more than 10 years experience economics, Fergus has published content for Huff Post and Buzz Fee and was among the earliest journalists covering bitcoin and the innovations it later inspired. Fergus tells us he has “several” bitcoins.