According to well-known cryptocurrency enthusiast and founder of Galaxy Digital Michael Novogratz, in 2020 the first cryptocurrency will reach at least $ 12,000.
UN Secretary General António Guterres is confident that his organization should use blockchain technology.
Guterres had previously spoken about the prospects for distributed registry technology. In July last year, he said that a "high-level digital collaboration group" had been created that directly interacts with blockchain technology. In September of the same year, he talked about lowering the level of trust in state institutions, highlighting distributed registry technology as one of the solutions to this problem.
Coinshares Strategy Director Meltem Demirors believes that halving the Bitcoin miners award in May 2020 will not have any impact on its price.
In her opinion, Bitcoin is suitable for the upcoming event in unique conditions. During the previous two halves, there was no such developed derivatives market as there is now. Most companies that want to profit from changing the price of the first cryptocurrency will use derivatives rather than the underlying asset.
According to logarithmic analysis by analyst Benjamin Cowen, by 2023, the capitalization of the cryptocurrency market could exceed $ 11 trillion.
Former Wall Street trader and cryptocurrency analyst Tone Vays called Tim Draper's prediction that Bitcoin price rise to $ 250,000 by 2023 "irresponsible."
Yesterday, analysts and traders said that the rate of the first cryptocurrency would drop to $ 5,500, but on December 18, Bitcoin pushed off support for $ 6,400 and soared to $ 7,400.
Although many believe that it is too early to draw conclusions, there is a possibility of continued growth. One of these signs is a bullish candle on the chart, usually indicating a change in trend, and also confirming the presence of discrepancies between the RSI and MACD indicators.
The famous American economist and trader Nassim Taleb remains optimistic about cryptocurrencies and believes that Bitcoin "wins" in comparison with state currencies.
Taleb said that citizens of some countries, such as Lebanon, "lost faith" in state banking systems, so no one should ignore cryptocurrencies, as well as the history of Bitcoin and blockchain.
According to the president of Fidelity Digital Assets (FDAS), Tom Jessop, the cryptocurrency industry is only developing, so the closure of some companies and funds is natural.
Jessop expressed his opinion in the podcast The Scoop, commenting on a recent study by Crypto Fund Research, according to which a significant number of cryptocurrency investment funds closed this year. The president of FDAS believes that this situation resembles the development of the Internet startup market.
According to Dan Morehead, CEO of Pantera Capital, an investment company, Bitcoin has every chance of transforming up to 50 industries.
On Saturday, the Bitcoin exchange rate fell by $ 150 and is now at $ 7,150. Analysts believe that the first cryptocurrency needs to cross the $ 7,300 mark to continue to grow.
According to the Bollinger indicator - a price prediction model based on a 20-day moving average - volatility should return to cryptocurrency markets soon.