Crypto YouTube Celeb Nicholas Merten Makes $50K EOY Bitcoin Prediction

YouTube Celeb Nicholas Merten Makes Big Bitcoin Prediction

A cryptocurrency influencer has just made a prediction with a $50,000 end of year valuation for Bitcoin even as failings are experienced in the fiat market.

The entrepreneur and crypto space investor, Nicholas Merten, who commands a strong social media presence and a huge following of over 34,000 followers has a wide-reaching influence and can cause a significant change in trends by his opinions and tweets. He has a dedicated YouTube channel called ‘data dash’ that has a following of nearly 300,000 users.

Merten has made a prediction that Bitcoin will go to $50000 on 2018. This is more than double the coin’s 2017 high even as the latest prediction relies on major shortcomings in the fiat market. According to his predictive tweet, Merten points out four factors he believes with push the price of Bitcoin to unprecedented highs by the end of the year. They are:

As the tweet went out some of his followers differed with the known crypto evangelist. One follower using the twitter handle Sammy Tommy questioned his reasoning by pointing out that there is no correlation between interest rates and cryptocurrency prices and that there’s no way a bank the size of Deutsche Bank is going under by the end of the year as a result of a restructuring.

Another follower asked Merten for his prediction on the end of year crypto market cap. His response? He wrote that in his it is likely to go to $1 trillion.

Bulls Prediction of Prices from $15000 – $100000

The bulls are predicting a big number for Bitcoin in the fourth quarter regardless of whether they are soberly discussing the fiat banks’ charts and graphs or talking about their imminent collapse.

Tom Lee another famed crypto evangelist who sticks by his end of year prediction of $ 25000 relies on regulation clarity to boost the circulation of institutional money despite Bitcoin falling below $ 8000 over the past week.

Another crypto enthusiast John McAfee swears by Bitcoin reaching $1million in 2020. He sticks by his prediction of Bitcoin teaching $15000 by June, an indication that it will be on track to meet his million dollar predictions going by his magic algorithms.

Whichever way one looks at it crypto evangelists all have their opinions and whether or not their predictions come to pass is yet to be seen.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,470FansLike
2,795FollowersFollow
4,233FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Second Half of 3-Yr Bull Market: Ether’s Crazy Run has 90% of its Supply in Profit

This past weekend, the price of Ether went past $400 to as high as about $420, a level last seen in July 2018. This...

Teenage Mastermind Behind the Twitter Hack Owns $3.39 Million in Bitcoin (300 BTC); Bail Set At $725k

The 17-year old Twitter-hack mastermind holds over $3 million in BTC value with only $725,000 set for bail. In a bizarre moment last month, Twitter...

Bitcoin (BTC) Jumped to $100,000 on Binance Futures

There have been several predictions that see Bitcoin hitting a six-digit figure. On Sunday, this became a reality, very briefly, thanks to an algorithm. Bitcoin...

Flash Crash Caused Serious Network Congestion for ETH, ETC, And ERC 20 Tokens on Coinbase

On August 1, the Ethereum's blockchain faced a spike in network transaction fees, causing a backlog in transfers across several exchanges. Coinbase and Binance,...

Bitcoin’s Wild Weekend Reminiscent of 2017 Bull Rally, ‘Higher Highs Ahead in 2020'

This past weekend, bitcoin had a rough time as the largest cryptocurrency made its way past $12,000 to $12,112 in trading just after midnight...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today