Predicting bitcoin value of $40 thousandPhoto: flickr.com/photos/tiendientuvn
The stock market is prone to high volatility approximately 3-6 months
The Executive Director of the Foundation pour cool Bitcoin Foundation spoke about the future development of the cryptocurrency market. It is reported by the Insider.Pro with reference to Business Insider.
According to the expert, the cost of the first cryptocurrencies will rise sharply to $40 thousand to the end of 2018, and 90% of altcoins will be worthless as they have no prospects for development.
Cool I am sure that the depreciation of cryptocurrencies is good, so “the market solves the problem on their own”: many coins are created with one purpose — to allow developers to enrich themselves.
According to the forecast of the head of the Bitcoin Foundation, the stock market is prone to high volatility approximately 3-6 months, after which the cost of bitcoin will start to rise sharply in the fourth quarter of 2018.
This is enough time to correct some of the deficiencies of the program code of a coin, said cool, so the price of 40 thousand dollars could be justified.
Other experts share the opinion of Classen. Despite the strong drawdown in the beginning of the year, in July, bitcoin may set a new record. This view is confirmed Tom Lee, managing partner and head of research at Fundstrat Global Advisors LLC.
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Earlier it was reported that a strategist in the commodities analytical unit Bloomberg Intelligence Mike McGlone believes that the price of bitcoin is likely to collapse by 90%.