Analysis and crypto experts continue to issue various bullish predictions regarding the BTC price.
From the beginning of 2019, we’ve seen a lot of BTC predictions and most of them have been optimistic, with some assumptions being probably too far-fetched.
But there are also some viable predictions popping up in the crypto space with a lot of explanations and reasons to support them.
Some voices are expecting bulls to hit the market again, and we’re talking about more potent bulls compared to the rise of BTC from 2017 which saw the most important digital asset hitting almost $20,000.
Arthur Hayes seems BTC hitting $10k and $50k in the long term
The latest prediction comes from BitMEX CEO Arthur Hayes who seems to believe that Bitcoin is heading towards an all-time high.
Hayes recently spoke to Venture Coinist, and he said that the new generation adores digital assets and this has the potential of becoming the main trigger of mainstream adoption for crypto and the end of fiat currencies.
He also said that a new round of money printing from the government around the world would boost BTC to $10,000 by the end of the year.
His views are bullish in the long term as well, because he sees BTC reaching $50,000.
Invest at least 1% of your portfolio in BTC
Wences Casares is Xapo CEO and a new director at Paypal. He believes that all portfolios should decide to invest at least 1% in the most important digital asset.
The main reason for this is according to him that BTC has continued to outperform all traditional assets such as indices and stocks.
“I suggest that a $10 million portfolio should invest at most $100,000 in Bitcoin (up to 1% but not more as the risk of losing this investment is high). If Bitcoin fails, this portfolio will lose at most $100,000 or 1% of its value over 3 to 5 years, which most portfolios can bear,” he said, according to NewsBTC.
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.