Ver believes that Bitcoin’s market potential is much greater than many people realize and predicts that it could potentially be worth over $5,000 by year-end: “”What I see happening with bitcoin is much bigger than just being a digital currency […] I really do believe there’s a chance for bitcoin to hit five thousand US dollars””.The opinions expressed above suggest that investors should expect strong growth for the Bitcoin price throughout January 2019. The bitcoin price has been trending upwards recently, reaching a new all-time high at $11,300 on January 4th. Some experts are predicting that this trend will continue in February, with prices reaching as high as $12,000. If you’re looking to invest in bitcoin and make some money in the meantime, now is a great time to do so. Here are three reasons why: The Chinese market is boomingOne of the reasons that the bitcoin price is going up is because the Chinese market is booming. China is one of the biggest markets for bitcoin, and as a result, more and more people are investing in it. This is good news for those who want to invest in bitcoin because it means that there’s still strong demand for it.
The US dollar isn’t as strong as it used to beAnother reason that the bitcoin price is rising is because the US dollar isn’t as strong as it used to be. Many people are afraid that America’s economy might collapse soon, which would lead to a decrease in the value of the US dollar. But this isn’t necessarily true; America’s economy might actually remain stable or even improve over time. In any case, this means that investors are increasingly looking for alternatives to the US dollar when it comes to investing their money. Bitcoin offers a good option for this reason. Bitcoin prices continue to trend upwards, with the digital currency currently trading at $2,86 Bitcoin enthusiasts and investors alike are eagerly anticipating the continuation of this positive momentum, with some even predicting that prices could reach $5,000 by the end of the year.As March begins, there is still plenty of news and market updates circulating regarding Bitcoin and other cryptocurrencies.
Coinbase has announced that it will be adding support for Ethereum Classic (ETC), which is likely to drive prices up for ETC as well. Additionally, Chinese investment firm Dragon Capital has invested in BitGo, a leading Bitcoin security company. This move signals continued interest in the technology behind Bitcoin among major financial institutions.Despite these positive developments, there have been a number of negative headlines too. For example, reports suggest that Japanese exchange Coincheck may have lost up to $530 million worth of NEM tokens due to a hacking attack. This spate of unfortunate news indicates that despite Bitcoin’s widespread popularity, there is still plenty of risk associated with investing in digital currencies. Bitcoin prices are up as bitcoin news of this writing, trading at $6,350 according to CoinMarketCap.com. The uptick in prices comes after a turbulent week that saw the cryptocurrency trade in a range of $5,000-$7,000.Some analysts are predicting that the price of bitcoin will reach $10,000 by the end of the year.
