Re: Thomas Glucksman: Bitcoin could reach 50k$ by December of 2018!

Quote from: infested on April 02, 2018, 12:44:17 PM

Quote from: Xester on April 02, 2018, 12:25:49 PM

Thomas Glucksman, a head of APAC business development at cryptocurrency exchange Gatecoin said that bitcoin could hit 50k$ at the end of 2018. Likewise, Mick Sherman, co-founder and CEO of Hercules Tech said that cryptocurrencies will grow big this year.

Those statements are overwhelming, it may sounds bullish but somehow there has truth in it.

http://business.inquirer.net/246286/bitcoin-hit-50000-end-2018

I highly doubt that unless big money (banks, funds etc.) enter the market the next few months and really inflate the prices again.

Have you heard that central banks of the G7 is going to invest in cryptocurrency and this may hype the system. Other news was that the Islamic Scholars have said that bitcoin can be used by Muslim as it is not against the Shariah Law. Also Tom Lee predicts bitcoin to reach 50k$ by December. There are many developments and companies accepting bitcoin is lining up this 2018. The possibility is very high.