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.

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