Bitcoin Price: Will It Go Up?

Bitcoin Price: Will It Go Up?

If you analyze the value of Bitcoin in the last few months, you will notice that this cryptocurrency is declining. At this moments, the Bitcoin value is around 8.000 US dollars. However, in December 2017, the value was around $18.000. But, let’s not forget that the value of Bitcoin was less than $1000 less than two years ago. So, what can we say about Bitcoin price based on this information? Will this cryptocurrency become more valuable or not? Most experts claim that the price will go up.

This March, the price of Bitcoin was around $8000 and $9000 which is not something that we were hoping for. But, there is more than one factor that contributed to the price change. For example, many banks have decided to prevent their account holders to buy cryptocurrencies including Bitcoin with credit and debit cards. They are also trying to block direct bank transfers. It is obvious that these financial institutions are not fond of BItcoin. The same goes for many government agencies around the globe even though some governments including the Canadian government are not looking at cryptocurrencies as a threat. The latest change is the news that popular social media have banned ad payments with Bitcoin.

But, many financial experts and specialists say that this is just a temporary negative effect for Bitcoin and other cryptocurrencies. The truth is that Bitcoin has kept its price from November despite these huge blows. There are not many other organizations and government bodies that can affect Bitcoin price which means that this is probably the lowest Bitcoin price we can expect. So, once the market is stabilized from these shocks, the price will probably go up. In fact, some experienced consultants and advisors claim that Bitcoin should reach up to $30.000 by the end of 2018. We all remember the promise that John McAfee made about Bitcoin price a year ago. Namely, he said that he expects Bitcoin to reach one million dollars by 2020.

Those who are interested in buying Bitcoin should seriously think about investing in this digital currency right now. As we already said, no one believes that the price can get lower than this and buy currencies when their value is dropping is the smartest thing that you can do. Don’t forget that there is a risk involved, but you can’t expect to earn money without taking some risks.