Experts Predicted the Growth of Bitcoin by the End of the Year

Experts Predicted the Growth of Bitcoin by the End of the Year

Analyst and consultant from New York Ton Weiss gave a positive forecast for 2018 for Bitcoin, saying that the price of the token will reach $ 25,000, NewsBTC reports.

Weiss also insists that a more accurate forecast can be made after cryptocurrency market stabilization. Against this background, in his opinion, Bitcoin will grow in price.

Another well-known financial analyst, the founder of the investment Standpoint Research company, Ronnie Moas, supported his colleague and said that Bitcoin will reach $ 28,000 during 2018.

But not all experts share such positive predictions. The strategic director of the financial company Meraglim, James Rickards, believes that the current price of cryptocurrency is too high.

“I don’t know how anybody could set and justify a price target that high for this year. I think bitcoin is going to go to $200. The only residual use is for criminals, and it will keep grinding down.”

It is also worth mentioning that Bitcoin Foundation’s Executive director, Lew Klaasen, predicted bitcoin for $ 40,000 by the end of the year and the collapse of the altcoins.

Meanwhile, according to Coinmarketcap, the price of Bitcoin is approaching the $ 11,000 mark again.

Subscribe to The Coin Shark news in Telegram: https://t.me/thecoinshark

Previous ArticleNext Article

Leave a Reply

Your email address will not be published.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

Cryptocurrency Prices: The Rating Is in the Red Zone

Cryptocurrency Prices: The Rating Is in the Red Zone

According to the trading portal Coinmarketcap.com, Bitcoin (BTC) fell by 2.27% in the last 24 hours. The price at the time of writing is $8122.

The prices of cryptocurrencies are jumping again. Only yesterday they were growing, but today the rating is showing red numbers again. Ripple decreased by 3.27%, Monero lost 6.31%, Stellar fell by 5.10%, the price of EOS is also in the red zone – it dropped by 2.76%.

Ethereum is showing a fall by 2.95%. Its value at the time of writing is $682 per coin.

The total market capitalization is $370 billion. Bitcoin accounts for 37.3% of the total amount. It is $138 billion in monetary terms.

Subscribe to The Coin Shark news in Twitter: https://twitter.com/the_coinshark

The Japanese bank MUFG Will Launch Its Own Cryptocurrency

The Japanese bank MUFG Will Launch Its Own Cryptocurrency

After loud statements by Buffett and Gates concerning cryptocurrency, it seemed that at least the state institutions of countries would refuse from it, but a Japanese bank Mitsubishi UFJ Financial Group still decided to acquire its own cryptocurrency, MUFG Coin, in 2019.

“Regarding the speculation (in) media reports, these reports are not based on any announcement by MUFG, and the details have not been decided,” the bank’s spokesman said in an emailed statement to Reuters. “However we can only say that it’s true that MUFG is conducting demonstration experiments on the ‘Coin’ within the company utilizing a blockchain technology.”

According to NHK Japan, the digital currency MUFG Coin will be tested for suitability in several regions of the country. 100,000 people who are associated with the company will be able to participate.

Representatives of the bank will provide an opportunity for users to use the cryptocurrency as a means to pay for goods and services in shops and institutions. The bank’s digital currency can be transferred to the accounts of those who participate in the project. If the idea is successful, then MUFG will be the first Japanese bank that has its own digital currency.

The MUFG coin can be used exclusively in Japan. In the world market it can be traded in pairs at non-financial currency exchanges instead of USTD (Tether cryptocurrency, tied to the dollar).

Those people who have downloaded and installed an application that automatically converts deposits into MUFG Coin will be able to take part in the test of the new currency. The cost of one coin is equal to one yen.

We remind you that the management of Mitsubishi UFJ Financial Group announced its intention to launch a  cryptocurrency exchange with the national currency, as well as a service with split Bitcoin-accounts.

Subscribe to The Coin Shark news in Twitter: https://twitter.com/the_coinshark

%d bloggers like this: