According to Oliver Isaac, the Bitcoin price will jump to $25,000 by the end of this year.
"I believe bitcoin has the potential to hit $25,000 by the end of 2019 or early 2020," according to one of the biggest Blockchain investor and advisor in the world, Oliver Isaacs.
"There are multiple drivers behind the recent resurgence. There are geopolitical, technological and regulatory drivers. The net effect of the trade war between the US and China has led to a sudden interest in the Bitcoin as a hedge on investments." Oliver added further on BTC.
Oliver shared data related to inflation from the time period of six months to twenty years in different countries from all over the world, on his Twitter profile:
At 0%, Bitcoin has a higher yield than government bonds in 18 countries whose central banks are trying to debase their currencies and increase inflation. Inflation and High volatility especially in developing countries give Bitcoin a strong use case.
Other analyst like Tim Draper has also shared their positive view related to the mainstream adapting the trend of accepting payments in crypto.
Draper said that the adoption of Crypto in the mainstream industries will happen within the next few years. Mainstream industries like Amazon, Starbucks, Facebook and Microsoft has already started their way towards the trend of accepting payments in cryptocurrency.
He made a comment based on his future image on cryptocurrency, “I think when you go to Starbucks to buy a cup of coffee, and you try to pay with dollars, they will laugh at you because you are not using Bitcoin or other cryptocurrency. It will be like the old lady paying out with pennies.”
SFXO analyst described crypto market “uncertain” and the growth of the Bitcoin in these recent years as a simple FOMO (fear of losing out). And, pointed the ongoing trade war between China and U.S. as the reason for the Bitcoin rally last month.
In this study they highlighted the speed and scale of cryptocurrency on Reddit. The study observed prices and discussions on the official subreddit for the Bitcoin (BTC), Ethereum (ETH) and Monero (XMR) from January 2015 to January2018.
“Users are more active within a single subreddit dedicated to i.e. the Official Subreddits domain than within discussions focused on the same coin that are started in multiple related subreddits. … Users interact, with, on average 13 users in the r/Bitcoin subreddit, 8 users in the r/Ethereum and r/Monero subreddits within the Official Subreddits domain.”
Dr. Svitlana Volkova, the head of the research project says that by studying and keeping track of social signals can be helpful in understanding the market’s general performance.
“Social signals are quite useful, and by incorporating them with machine and deep learning, we intend to build predictive models that hit on causal relationships between different variables, so we can explain and model decision-making processes.” by Dr. Svitlana, senior research scientist at the Data Science and Analytics Group in Pacific Northwest National Laboratory.