Expert: Bitcoin to reach 30,000 at the end of the year despite the current ‘cold winter’

Bitcoin is not only not falling to zero, it will surpass its current maximal value of $20,000 previously reached in December 2017. This will happen at the end of this year. This is what the founder and CEO of LDJ Capital, American consulting firm, has stated to the financial media recently.

As David Drake believes, the current bearish sentiment could have been predicted easily and by the end of this year traders might see new maximal price of $30,000. “It’s been a really cold winter,” Mr. Drake said.

As the British outlets add, he also told that the probability of Bitcoin driving all other digital currencies out of the market is unlikely. This contradicts the view of Jack Dorsey, co-founder of Twitter and its current CEO who, as previously reported, expects Bitcoin to become the only “Internet currency” and even the only currency in the world at all approximately 10 years later from now.

As witnessed by the end of the previous year, one of the top important events probably influenced the speed of Bitcoin growth - the launch of the first ever legitimate Bitcoin futures. Bitcoin will reach a new all-time high more easily in case something equally positive happens this year.

Image courtesy of atgbcentral.com