Bitcoin Price prediction 2019: What experts are saying about the future of Bitcoin

When Bitcoin came to the scene 10 years ago, it opened the floodgates for a multitude of cryptocurrencies. While 2017 saw the master coin (Bitcoin) hit an unprecedented price range close to the $20,000 mark, throughout 2018, the overall cryptocurrency market was hit by a bear market streak that seemed endless.

Since Bitcoin’s price singlehandedly dictates the entire market, it remains to be seen whether it will ever be priced as high as it was at the end of 2017. Granted, the market is hard to call especially with the volatility, however, in this post, we give you 2019 predictions on Bitcoin’s price from market experts.

No good or bad news in the market

Currently, there is no good or bad news that could push the market in either direction. However, most believers still remain totally bullish on the future price of Bitcoin. For instance, according to panelists’ opinions on finder.com, Bitcoin is expected to increase in value by 84 percent at the end of 2019.

The CEO and founder of Yield Coin, Samuel Leach, has also predicted that Bitcoin is set to go beyond the $10,000 mark within 2019.

Leach added that even though the “inherent volatility of cryptocurrency means that it is difficult to predict with any kind of finite accuracy” significant upcoming events are set to determine the future price of the digital coin.

Can Bakkt save the crypto market?

He went on to mention Bakkt (an International Exchange entity that is set to introduce a federally regulated market making it easy for institutions and consumers to buy crypto) as one of the significant events.

Meanwhile, Joel Kruger, a currency strategist at LMAX exchange predicts that Bitcoin will go back to change hands in the “$5,000 to $8,000 region” after it has had an extension to its price depreciation below the $2,000 mark.

He argues that even though believers “would like to make the argument for Bitcoin as a store of value asset, at this stage in the game, Bitcoin is not yet mature enough in its ten-year life to be taking on such a role as a harbor for a flight to safety.”

Other Bitcoin fundamentalists like Bobby Lee (the CEO of BTCC and a brother to Charlie Lee the creator of Litecoin) seem to agree with Kruger. Bobby Lee mentioned in a tweet that "Bitcoin would bottom out at $2500" then later experience a price rally at the end of 2020 to hit price heights of over $300,000 per coin.

In closing

Obviously, Bitcoin has come a long way since its invention back in 2009. However, even though it has emerged as a popular alternative to fiat all over the world with regulators slowly but surely yielding to the crypto revolution, there is still much to be done for full adoption to be achieved. At the moment, whether Bitcoin’s price hits new levels in 2019 is still a tall prediction.