How high can Bitcoin rise was the biggest question during December 2017 but after the extreme decline, investors and traders are hoping analyst’s predictions to turn out to reality. Predictions by analysts such as Tim Draper who confirmed Bitcoin will reach $250000 by 2022 was appeared in Interview with thestreet.com to discuss the Bitcoin and its future. Shocked Shocked
It is predicted that in 2022 price of Bitcoin will rise to 0.25 millions. All of these predictions are made on the number of users. But this huge increase is impossible because many countries have banned Bitcoin. And many are waiting for some time. So it is up to them now.
You can never say with guarantee whats going to happen in the market of Bitcoin. I hope that the experts arre right and Bitcoin reaches that milestone but it is a long shot. I don't know with the growing number of altcoins, Bitcoin will be able to reach that milestone.
It is very hard to predict what is going to happen the next day in the cryptocurrency market and you are talking about the market after four years. Anything can happen in the Bitcoin market. I wish i could tell you that it is impossible but i will not make this mistake.
I am not sure how they come up with the valuation based on a lax regulatory environment. We still don't know what regulations in the US will look like. There is an ongoing battle to draft something that can remain business friendly but still get rid of all the scams.
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