In recent days, cryptocurrencies have been the focus of Facebook's official Libra. If a social giant faces critical criticism from governments around the world, Bitcoin could withdraw from the game because after the announcement of a new cryptocurrency on Facebook this price is not much changed.
Below is a list of four, rather optimistic, predictions about Bitcoin's price development. It's obvious that these are just predictions, and when you know the cryptocurrency volatility, it's always better to be careful …
Tyler Winklevoss, Facebook's best enemy
The Winklevoss brothers today are the most influential in the cryptocurrencies world. When nearly $ 300 million was doubled at the time of Facebook listing in 2012 (long-standing controversy with Mark Zuckerberg on the idea of a social network), twins put everything in electronic currencies.
The Krypto enthusiasts follow very closely the actions of both. A few hours after the Libra announcement, Tyler Winklevoss didn't say on Twitter: "If Bitcoin goes over $ 10,000, you can bet it goes over 15,000 …".
If Bitcoin breaks 10k, you can bet that it breaks 15k … ???
– Tyler Winklevoss (@tylerwinklevoss) June 19, 2019
If John McAfee, the founder of the known antivirus, is known for antics, he took the opportunity to answer Tyler about his prediction. The American entrepreneur slipped again to the goal he announced in 2020 that Bitcoin's price will rise to $ 1 million by the end of 2020. "If Bitcoin goes over $ 100,000, you can bet it hits a million characters" – A message that inevitably made a smile (and a dream) for Tyler Winklevoss who didn't leave the bid again.
If Bitcoin breaks 100k, you can bet that it breaks a million 🙂
– John McAfee (@officialmcafee) June 19, 2019
In an interview with CNBC, the giant Tom Lee said that FOMO (fear of absence) gives Bitcoin the chance to set a historical record "In the coming months". Fundstart's founder expects the cryptocurrency to exceed $ 40,000 symbolic threshold by the end of the year (> 300% increase compared to the current level) if it succeeds to exceed the ten-year mark. $ 000. He adds calmly: "I think Bitcoin easily crosses its absolute record" – about $ 20,000 in December 2017.
What about technical analysis?
The technical analysis, which is mainly based on research into charts and indicators, is also a very popular technique for anticipating price trends. Because indicators are often self-fulfilling (especially because a large part of trading is automated by algorithms), this is the information that needs to be taken into account. However, the volatility of recent years with Bitcoin – and encryption currencies in general – makes it difficult to make a reliable forecast.
A Twitter user who responds to the nickname GalaxyBTC has provided an analysis (among many others) where he estimates that the price of Bitcoin could rise to $ 62,000 by the end of October 2019. this type of forecast has to be taken with tweezers, and the conclusions of the technical analysis may vary from person to person.
2017 was a similar weekend, followed by a 570 percent price increase over the next 147 days.
– Galaxy (@galaxyBTC) June 17, 2019
"Zuck is Satosh a useful silly"
In some cases, it is also possible that the most passionate defenders of encryption are excited to comment on Twitter. For example, this applies to Max Keizer, who does not hesitate to treat Facebook CEO Mark Zuckerberg, "an idiot useful for Satosh [Nakamoto] – The founder of Bitcoin. Although cryptocurrency Libra and Bitcoin disagree on many points, many experts admit that Libra can seriously affect the development of Bitcoin.
It is built on the protocol Genesis block, which eventually has a heavy weight $ fb Take BTC This product has been added to ATH's new and exciting products at BTC. Zuck is Satosh's silly.
– Max Keizer, tweet poet. (@Maxkeiser) June 18, 2019
And what do you know about course development?