Within my daily social life, I often ask people if they know about Bitcoin. For the last few years, most of the responses I received were either “No,” or “Isn’t that what people use for illegal activities?” But towards the end of this year, something changed. People started asking me, “How do I buy it?” and “How high do you think it’ll go?” That’s likely because Bitcoin’s most recent valuation at $11,000 is hard to ignore.
The More People Who Want a Piece of Bitcoin, the Higher It Will Go
In conclusion, as high as Bitcoin jumped in 2017, I see 2018 being just as good — if not better. As consumers are given easier ways to buy and sell Bitcoins, businesses and institutional investors will see lots of new options in terms of how to spend their billions on Bitcoin in a way they are accustomed to and without ever needing to buy a single one.I predict Bitcoin to end with a bang in 2017 and be valued close to $15,000 by Dec. 31. I predict that Bitcoin will be valued at as high as $150,000 by Dec. 31, 2018. But more importantly, I believe 2017 will be the last year middle-class people will still be able to afford to buy and hold on to a few Bitcoins. By this time next year, only the wealthy and longtime holders of Bitcoin will claim to have more than a few.
That is your prediction, do you think the financial regulators will allow that?