The Bitcoin and the cryptocurrency world is a mystery to many even now. The price of Bitcoin hit a new high in December. It was trading around $ 20000. But, this honeymoon period did not last for long and the prices of the currency started to dip very low at the start of January 2018.
This huge volatility that the Bitcoin is showing in the market is causing a fear on its investors. At present, the Bitcoin trading looks to be a bit more stable at $9500. Many experts have predicted where is Bitcoin could be heading in the months to come.
Thomas Lee, the Managing Partner of FundStrat Global Advisors, predicts that Bitcoin will reach $20,000 by the middle of 2018. He feels that the Bitcoin will not see any stability in the market this year.
Jan Van Eck, the CEO of Van Eck Associates, feels that it is too early to write Bitcoin off. The selling pressure is not yet over and the regulations on the Bitcoin are causing confusion in the minds of the people. He feels that there needs to be a better operational stability for the Bitcoin.
Hunter Horsley, a founder of Bitwise Asset Management, says that Bitcoin volatility is at its peak since February 15. There is interest in the Bitcoin from institutions and family offices. Its price will increase over the course of 2018.