Bitcoin May See It’s 2017 Price Success in 2019, Knowing BTC Soared $14,000+ in One Month
Bitcoin has had a hard time since its start – it has declined and “come back to life,” numerous times.
Right now, bitcoin is not doing too well, and its critics are more fiery than ever. And maybe they have a point – the cryptocurrency reached a new low of $5,188 recently and many are wondering if this is the path to the end.
According to Tom Lee, a “bitcoin bull,” his price prediction reduced by about half – from $25,000 to just $15,000. At this point though, there is no telling where bitcoin will get to. Bitcoin’s ETF is currently valuable, and it may provide a picture for future sentiment concerning bitcoin, especially in light of the SEC’s rejection of nine bitcoin ETF applications. One such application is currently under review.
There are also significant institutions that are preparing crypto-related products for large-scale investors such as Galaxy Digital, ICE, and Fidelity. Alex Kruger, a market researcher, recently claimed that Wall Street invested $5.9 billion in funds into the crypto space and people are waiting to see what comes of the investment.
Hopefully going forward, the market will see a lot more positive action concerning Bitcoin in 2019.