So It's that time of year to start making predictions for next year, so I thought I would go ahead and see what everyone else thought about predictions for the end of year price for Bitcoin or BTC. Personally, I see it at about $8,000-$8,500. I think big investors looking at Bitcoin will wait until the New Year to start buying Bitcoin in order to save cost on accounting and taxes for this quarters numbers. What does everyone else think?
Hi there RamesesLabs! I bet it can reach $10,000 before the year ends. As I scan through the price history, bitcoin price rose at an average of 25% per month which if happen could directly target the 10k mark. First quarter of a year proves a slow swing of price especially in the month of March. Actually, with the current price at 8k even though market analyst says it is in resistance level, it cant be dragged down below 7k. Given the fact, Im with you about the tax rules, but most company are rushing to take advantage of the current price.
