Hi Miners:-
Bitcoin is one of the most hyped and yet the most biased performing crypto currency. Many people have become millionaire using bitcoin cash or working to sort the most crucial bitcoin price prediction wave. Bitcoin price in US dollars always changes and it works just like any other currency people sell it more the price decrease people buy it more the price increases.
But question is will it go 50k this year chance are yes. Many investors soured on the digital currency after it plunged more than 70% in 2018. And the small number of wildly optimistic bets in bitcoin options don’t mean its current surge will continue.
At LedgerX, a New York-based marketplace for bitcoin derivatives, an unidentified trader on May 23 bought 30 call options that give the owner the right to buy bitcoin at $50,000 between now and June 2020, when they expire. The buyer spent $4,500 on the options, trading records show.
As the Wall Street Journal reports, an unnamed investor or investors have purchased a series of options contracts worth nearly $1 million. The contracts, sold on the LedgerX derivatives exchange, are “calls” that give the owner the right to pay $50,000 by late next year to purchase units of the popular digital currency.
If 1% of this, $650B moves into crypto, the asset class as a whole is likely to be in trillions, but that does not necessarily mean Bitcoin will be $50k," emphasized DiPasquale.
"Given how this wealth transfer is going to take place over the next two and a half decades, a lot also depends on how the crypto space develops, and more importantly, how Bitcoin scales and adoption grows," he stated.
"If Bitcoin manages to stay at the forefront by then, I would not be surprised if it goes well over $50k in price in the next 25 years," DiPasquale concluded.
REFERENCES:-
https://www.forbes.com/sites/cbovaird/2019/04/02/will-bitcoin-reach-50000-because-of-the-great-wealth-transfer/#74b5da0172e0
https://www.quora.com/Does-Bitcoin-have-a-chance-to-hit-50-000
http://fortune.com/2017/12/12/bitcoin-historical-investment-values/
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