Bitcoin price to Reach $25000 by December 2018; Predicts market king Tom Lee. The exciting thing about following crypto news is that it never gets you bore. Bitcoin, the pioneer digital currency which set the trend for millions of people to follow has rarely missed a spot in the headlines. Today’s such breaking news is about a prediction by Market Guru, Tom Lee, co-founder of “fundstrat”. He is famous for making accurate predictions and this time he foresees $25,000 a coin by December 2018.
He says “We still feel pretty confident that bitcoin is a great risk-reward and we think it could reach $25,000 by the end of the year……Bitcoin was incredibly oversold (in the past). When you look at metrics like price-to-book, which is ‘’Money Cost”, or our bitcoin misery index, it’s pretty much what you saw at the end of the 2014 bear market, not the start”
Bitcoin to reach $91,000 by 2020
Thomas Lee has also forecasted that BTC will cross $91,000 by 2020. This is not a wild guess; prediction is made after observing the market performance and behaviors. As mentioned earlier, Lee has a good record of predicting the value of Bitcoin. He made such bullish prediction in the past when the price of Bitcoin was below $3000. We have seen the potential of such big price swings as it grows around $1000 in just 30 mints after a religious scholar calls it compatible with Sharia laws.
Please also read: IMF Chief Praises Crypto to Significantly Boost the Value of Bitcoin
Bitcoin price to Reach $25000 by December 2018, Predicts Market King Tom Lee
The Next similar prediction
In support of the above predictions, the next observation seems crazier. Tim Draper joined the league by predicting $250,000 a coin by 2022. He delivered this bold statement at Draper University on 12th of this month by addressing as follows:
“I’m thinking $250,000 a bitcoin by 2022. Believe it. They’re going to think you’re crazy but believe it. It’s happening and it’s going to be awesome!”
The probability of these estimates
On the tossing of the coin, it could either turn head or a tail, which makes the probability 50%. The likelihood by statistical calculations seems to be possible and we might hear good news for the crypto market in the coming days.
Talking specifically about the bitcoin price might not surprise us any further because we have seen massive fluctuations in the past. It has been notoriously volatile to a point where our brains get tired to search for the reasons behind it. Bitcoin price has crossed $20,000 mark only a few months back and moving a little higher would make the prediction come true. So it’s not out of question to see Bitcoin crossing these marks.
Let’s pull the handbrake to reach a conclusion. We are seeing a bad time for the crypto market with regulatory bodies, technology masters and governments having strict actions against digital currencies. The value of virtual currencies, especially bitcoin has been affected as a result. The reason behind these bans is mostly the insecurities of the top financial institutions.
However, the stakeholders are now asking governments for the regulations; even IMF chief has called for an ‘even-handed’ treatment from the governments. Bitcoin has just seen a big gain in its value in just 30 minutes of a story of a Muslim scholar. This shows that even a trace of positive news could take the price past these marks.