Bitcoin (BTC) has always been the center of attention of the cryptocurrency community. Not surprising because BTC is the biggest crypto based on its market capitalization, and there seems to be nothing that will change in that aspect.
However, the price changes periodically is a special and interesting topic to discuss. Because now it's very clear that Crypto Winter is over, it's time for new predictions.
Jihan Chu or one of the Founders of Kenetic Capital, said the price of Bitcoin will reach $ 30,000 by the end of this year. Talking about Bitcoin and crypto in general, Jihan Chu noted that "Ten years out of the story of bitcoin, and we began to see the story come true.
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And what people really see now is that cryptocurrency will not disappear. Experts believe that there are three factors that will increase prices, including :
1. Interest in cryptocurrency is taken into account from the side of large companies. The giant list that seems to be interested in crypto and blockchain is full of prominent names.
Jihan Chu said, large companies will lead the new stage of BTC adoption. Among them, he named JP Morgan with JPM Coin and Facebook with his Globalcoin project. Chu also highlighted Fidelity's role in introducing institutional crypto custodians.
2. Influencing it is the public disappointment with the IPO technologyexperts think that cryptocurrency can be an alternative investment choice for a broad audience of investors "With the disappointment of the Uber and Lyft IPOs on the market, people are looking for different types of technological stories, and which may be accessible to all."
3. Hopes that Bitcoin Halving will take place in May 2020. Traditionally, the year before Halving was very successful for BTC because the price skyrocketed. And now the situation has all the opportunities to happen again.
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Although many people believe that funds traded on the BTC ETF exchange can also increase the price, Chu did not share his opinion. Chu highlighted that large companies entering the industry would probably have a stronger impact on BTC prices than ETF approval.
Various other crypto assets that may have a bright future, Chu mentioned Ethereum (ETH) and XRP, noting Ripple's significant achievements in developing XRP-powered solutions for banking.
In November 2017, Jihan Chu stated that by the end of 2018 BTC will reach $ 50,000 and even repeat the forecast a little later, in January 2018. However, by the end of 2018 Bitcoin is trading almost at the level of $ 3,000. Let's wait for the predictions this year...