Reviewing tweets and predictions from Bulls for Bitcoin

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Reviewing tweets and predictions from Bulls for Bitcoin

The Bulls for Bitcoin like Tim Draper and John McAfee are still predicting Bitcoin to reach $25,000 in 2018 and $250,000 in 2022. There is also the prediction that cryptocurrencies will become a $20 trillion market by 2021.

This is based on institutional projects and institutional investors putting money into the cryptomarkets in a big way.

Bitcoin ETF’s have been rejected by the SEC, but there are other applications for ETF’s. It is believed that eventually the SEC will approve Bitcoin and other Cryptocurrency ETFs.

ETF’s and mainstream financial institutions with crypto indices will make cryptocurrencies investable by institutions.

On the bear side, Bitcoin and cryptocurrencies are down to about one third of their peak value and Bitcoin has fallen back to the mid-$7000 support level after rallying over $8000.

By | 2018-08-02T01:21:18+00:00 August 2nd, 2018|Categories: blockchain, cryptocurrency, exchanges, fintech, world|Tags: , , , |Comments Off on Reviewing tweets and predictions from Bulls for Bitcoin

About the Author:

Brian Wang, MBA and BSc, is a business oriented futurist, speaker and author of emerging and disruptive technologies. Sole author and writer of nextbigfuture.com, a science focused news site that covers disruptive technologies and trends globally in industries including Medicine, Technology, Science, Artificial Intelligence, Robotics, Biotechnology, Nanotechnology, etc. Nextbigfuture is Ranked #1 “Science News Blog” worldwide by Alexa, an Amazon company. Website traffic: 2M page views per month and 4M unique readers annually. Lecturer at Singularity University - provided 4 annual reviews of developments in nanotechnology. Sought after speaker at TEDx (lecture on Energy), University of Toronto (futurism) and Transhuman Visions. Contributor on 10-year plan for the Institute for the Future.