Bitcoin Price Prediction: BTC To Hit $740,000 – Revival Of Mt. Gox Could Boost Prices

Bitcoin and crypto price predictions have flooded the cryptosphere this year. 2018 was not the best year for digital currencies, and experts have been hoping that 2019 could eventually trigger bulls and mass adoption.

The expansion of crypto adoption is going great these days, but the prices are still not surging.

Bullish BTC price prediction

The co-founder of the crypto mining pool Poolin makes a bullish prediction for the number one crypto.

8BTC reported that Zhy Fa said that he believes the next bull run will push the price of BTC somewhere between $74,000 and $740,000.

But even if the price prediction might seem really bold or much too optimistic, he does not see things in the best possible light.

Fa also said that the next bull run would probably be the last.

Resurrecting Mt. Gox could bring bulls back

Bitcoin billionaire Brock Pierce has an interesting prediction of his own that’s worth taking into consideration.

According to him, the collapse of crypto exchange Mt. Gox was so intense that it is one of the roots of the crypto market’s 2018 fall.

In a new interview on the Max Keiser Report, Pierce said that his plan to resurrect Mt. Gox and refund the investors who lost their BTC could boost the entire crypto market.

This would be able to turn the infamous exchange into a source of pride for the industry.

“We have the power as an industry to right the end of this story. How do we want it to end? Do we want it to end like Lehman Brothers? Like the old financial system? Or would we like this story to end differently? Would we like this story to end in a way that demonstrates the power of the open-source community of blockchain and the resilience of Bitcoin like a phoenix rising from the ashes? I think we’ve got the power to do that,” he said.

We also recently reported that due to lower mortgage rates, you can believe in the Bitcoin price prediction of this year as it is one of the best reasons.

You May Also Like

Leave a Reply

Your email address will not be published. Required fields are marked *