Based on the news, bitcoin might hit $50000 by the end of 2018. Is this possible? If so, what are the reasons?
It's no news. Some people promote false news for the sake of looting. According to statistics, Bitcoin prices have increased in USD every year. At the end of 2017, the price of Bitcoin increased at rocket speed. So the end of 2018 may not be the same situation. Bitcoin can not be fixed / exorbitant without its ordinary people, even if it wants to sell a decentralised system. But it's not impossible to hit $50000.