The Predictions on the Future of Bitcoin
In this article, I am going to discuss some of the predictions made about the price of Bitcoin over the next year. While I personally think that most of them are too aggressive, I am going to discuss what I consider to be an accurate assessment of where the price is headed.
First of all, a prediction: The currency is poised to reach its peak in early to mid-2020. That seems to be a realistic prediction based on current trends in the market. If you had asked me at the beginning of the year, I would have said that it was going to reach a high of $3000 before bottoming out and increasing.
There are many market analysts who are predicting a large increase in the price in the next six months. Of course, you should always consider the fact that the future can change dramatically without warning. If you can’t stand the idea of the price of Bitcoin hitting a level that is at or above the current peak, you may not want to get involved with it.
I have noticed a number of bearish forecasts, but none of them seem to be as aggressive as this one. Even though I do think the price will stabilize for the next couple of months, I still think that the market will move higher in the coming months.
To test my prediction, I will make a Google Finance request and track the results. After the announcement of the call (that was quite large), I am actually seeing some bearish indicators, but the bullish ones are actually moving lower.
If you don’t want to do that, I will be releasing a call at the end of December. While I know that this is the time of year when the holidays are almost here, I have found that this is actually a great time to make a forecast for the future. And, if you use Google Finance, you can use the call feature to monitor the trends during the rest of the year.
Now, let’s look at another prediction that I have received: One which has a 97% credibility rating. It comes from Michael Novogratz of Fortress Investment Group.
In the past, he has said that he expects to see something called “Nasdaq-style” trading using low volatility, off-exchange trading. He believes that high volatility will be replaced by low volatility on exchanges like OKCoin, Huobi, and BitStamp. There will also be some trading going on between the “Big Three” banks using the same technology.
This type of trading is being developed using smart contracts which are designed to be extremely low volatility and off-exchange. This allows for the investors to take advantage of the low volatility but at the same time it will allow them to take advantage of the opportunity to trade on the larger exchanges.
In addition, these systems will allow trading between centralized exchanges like the Chicago Board Options Exchange and “fractional exchanges” like the CBOE and the CME. The idea is that, because of the low volatility, it becomes possible to make decent money while trading lower volume than you can with traditional high volume stock trading platforms.
Lastly, I believe that there will be a large number of speculators coming onto the platform but I will be more interested in watching the money being made by institutional investors. Of course, this is really all about taking advantage of the low volatility and having access to the low price that is associated with the potential for large profits.
As always, make sure that you do your due diligence before you invest any money in an investment, including this one. If you do your homework, you will have a much better chance of success in the long run.