Nic Colas, Wall street top analyst, co-founder of the New York research company DataTrek expects bitcoin to cost between $6500 and $22 000 in 2018.
The analyst has been following bitcoin for at least 4 years and thinks that bitcoin volatility is not that strange thing and the cryptocurrency rate will remain unstable in the following year. He says that the average price will be around 14 000 USD.
«Bitcoin can increase up to 22 000 dollars and go down to 6 500 dollars and this would also be a reasonable price. We expect to observe both these two prices in 2018», – said he.
According to him, the only way bitcoin rate can increase significantly is if businesses start using the cryptocurrency regularly.