Bitcoin and crypto-related predictions have been pouring in 2019 and surprisingly or not, they are pretty bullish.
This year is expected to be a much better year for the whole crypto space regarding prices of the digital assets, but mostly regarding mass adoption.
There have been so many achievements in the space that are supporting this considerable goal of mainstream crypto adoption that it’s now undeniable that we’re on the right track.
The latest Bitcoin price prediction comes from Cryptopotato, and it’s bullish as well.
BTC to hit at least $102k
The online publication mentions a new historical report that suggests the fact that BTC’s price can hit $102,000.
The online publication brings up a Forbes article dating all the way back in 2011 which was titled “So, That’s the End of Bitcoin Then.”
The piece has falsely predicted the end of Bitcoin back then, an event which cut the value of BTC to $15 from a price of $31.
“This looks like it’s the end of Bitcoin. Bitcoins aren’t secure, as both the recent theft and this password problem show. They’re not liquid, nor a store of value, as the price collapse shows and if they’re none of those things then they’ll not be a great medium of exchange either as who would want to accept them?” Forbes was writing back then.
Cryptopotato brings up other negative past predictions involving the price of BTC and it’s best to head over to their original article and check them out.
“Bitcoin price history and market cycles shows that every significant crash of over 70%, the next all-time high value had reached between 5.1 to 16.89 times higher than the previous price peak,” the crypto magazine writes.
Analysts believe that if BTC were to follow the exact same path, then the prices will likely reach somewhere between $102,000 and $336,000.
This is far from being the only bullish prediction regarding the price of Bitcoin.