David Chapman, the managing director of octagon strategies and a cryptocurrency entrepreneur, confidently forecast that bitcoin will be regulated in future. Other industry experts agreed with the BTC shock prediction and added that this could be the single most significant boost for bitcoin investors.
David reported that “everyone says crypto is so undesirable, but there’s no variance involving this and any other time when folks have long gone into something new.” He added, “Is it new? Yes. Does it need to mature? Sure. Will it be regulated? Sure.”
The cryptocurrency experts from Fintech added to this BTC shock prediction by downgrading the price of bitcoin by 26% by the end of 2018. However, they were optimistic that the coin has huge potential for growth. Additionally, the leaders said it could hit $27, 890 by December 31, compared to the March prediction of $38, 000. However, the experts added that its 194% growth would be minuscule compared to the rising cryptocurrencies.
Comparing the forecast market capitalizations for BTC, BCH, and ETH, ETH is predicted to see the highest growth of 234% by end of year. This is more than double that of BTC (114%). Bitcoin cash came third at 40%.
According to Chapman, although BTC has existed since the original iPhone was catching on, the coin still manages to capture the imagination of investors who have continued to wonder what is next. And though it is hard to forecast bitcoin, he believes that the cryptocurrency can realistically reach a six-figure value by the end of 2018.
His statement echoed that of Max Keiser, the host of Keiser report Russia, who maintained his predictions from 2011 that bitcoin will surpass a value of $100, 000. The main differences are that Keiser did not give a specific prediction. Chapman concluded by stating that if we put all our focus on the price, we will lose track of the bigger picture.
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