This Monday has seen some small bull rally for Bitcoin, as the token went up at least 8% today and reached the $4,000 USD mark, which is a very important one. This has prompted some people to be hyped about the future. A crypto expert that is known as “Financial Survivalism”, or @Sawcruhteez, has affirmed that a new rally might be just around the corner now.
Last cycle returned ~ 16X & I would expect that to ~ double as adoption continues to spread & #Bitcoin continues to proves it's resiliency. I think it will melt our faces off again with a pump to ~$750,000. Majority will be calling for $1,000,000 & forget to profit take. https://t.co/IHVwgVKTvs
— Financial Survivalism (@Sawcruhteez) February 18, 2019
According to Financial Survivalism, Bitcoin could “melt our faces off” with a rally soon that would make the price of Bitcoin go up as wildly as it did before. He affirms that the next bull run will be more than 16 times up (which was how much BTC went up when it went from $1,200 to $20,000 USD).
The crypto expert has affirmed that Bitcoin was more resilient now and that it would not be “illogical” for the crypto to be pumped at the price of $750,000 USD. If this happened, the market cap would reach at least $13 trillion USD and it would be one of the largest currencies in circulation ever.
One of the most incredible aspects is that Financial Survivalism is not alone in these over-positive predictions. Zhu Fa, the co-founder of Poolin, a mining group from China, has recently affirmed almost the same thing.
According to him, the price of Bitcoin could surge to $740,000 USD. However, he did remain cautious as he noted that his predictions had a “substantial” margin or error and that the true value could be way lower than that.
Recently, Survivalism has also affirmed that Bitcoin will go down to around just over $1,000 USD, but it will soon embark on its next bull run and then the token will go up to $10,000 USD, which will bring in a lot of investors.
The People Who Argue That Bitcoin Could Get Over $100,000 USD
Let’s be frank. Look at the price of Bitcoin now. Some people would say that it is simply crazy to believe that this asset would go up so strongly so soon. However, these people are positive that this can be achieved.
For instance, Mahmudov, another crypto expert, has recently affirmed in Tone Vays’ Youtube channel that the potential that Bitcoin has for a revolution is now more apparent than it ever was. According to him, the fixed supply alone could be a reason for people using it as a store of value.
According to Mahmudov’s model, the bottom may not be near yet but he considered several factors on his models and has determined that some fundamental factors will make the crypto go up again soon.
However, he also expects a bubble to happen in 2023 that can be even bigger than the 2017/18 one. He does believe that Bitcoin has a lot of space for growth, though.
Another crypto researcher named “Filb Filb” has affirmed that with the use of regression and statistical analysis, Bitcoin could be valued at a lot more than it currently is and that there are surely many opportunities for price growth coming up.
While Bitcoin is fairly valued at the moment, all the experts believe that the prices could go over $100,000 USD at some point in the future. For instance, some believe that it will be on the $300,000 USD mark, while others are more keen on the $700,000 USD mark.
In any case, one should know that this is all speculation and that there is no real way to predict Bitcoin’s price for sure, so always make your own research with informative sources before investing.