Tom Lee: Bitcoin Might or Might Not Reach $25K by the End of 2018
The rate of the world’s #1 cryptocurrency is still intriguing the majority of crypto community. An American investor, businessman and financial expert Tom Lee has made his own predicitons of what the price of Bitcoin might be in a couple of months. To be quite honest, Lee used to be way more optimistic about the future of Bitcoin. He was sure that the world’s first digital coin would have no problems passing the price point of 25k USD by the end of 2018. However, he must have thought over his words and changed his mind. Now he’s saying that Bitcoin might possibly reach this mark, but the way more reasonable figure would be 20 thousand or so. Lee claims:
Bitcoin has historically traded at 2.5 times its mining costs. It’s not out of the question that it could be over $20,000 by the end of the year at fair value.
Bitcoin like any other member of the cryptocurrency universe is very volatile, its price depends on various factors. Thus, Tom Lee and his colleagues should be careful when naming any forecasts for digital coins. We would like to remind that an eccentric cryptocurrency ethusiast John McAfee have promised to do some rather radical things if the price of Bitcoin does not reach the price point of $1 million by 2020. Subscribe to The Coin Shark news in Facebook: