Not enough: analysts predict the rise of Bitcoin to $ 8,500 by the end of the year

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2018-09-16 21:45:06

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Not enough: analysts predict the rise of Bitcoin to $ 8,500 by the end of the year Source:

Experts of the research firm Trefis don't expect serious Bitcoin price movements this year. In their opinion, cryptocurrency will grow to a maximum of 8500 by the end of December. About it writes .

the

Why is not growing Bitcoin

The Trefis Forecast is based on the number of transactions and active users of the crypts. To calculate the exact value of the asset by the end of the year, the staff calculated the ratio of supply and demand of Bitcoin. Data Trefis reliable — until the company was able to predict 94% of the events in the stock market.

The Main catalyst for price movements of digital assets remain media. They caused a sharp increase in interest of ordinary people to the crypt last year. However, now the news are not playing on hand Bitcoin — unchecked in a few days can derail the market.

And although the market is still inert reacts to news that the infrastructure around cryptocurrency is gradually increasing. A year ago, around digital assets weren't so many things needed for mass adoption. Progress is being made, but the price of Bitcoin still have a lot to worry about.

While the main reason for the rapid growth of the home cryptocurrency cryptocurrency can become . If this does not happen, Bitcoin can once again updated the annual minimum.

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