I would like to tell you about the analyst of the Bitcoin price by the end of 2019 on the basis of the dynamics of a hashtraite
Due to mining Bitcoin price will rise to $ 36,000 by 2019
A new study by Fundstrat Global Advisors shows that by the end of 2019 the price of bitcoin will reach $ 36,000,reported co-founder Tom Lee.
Analysis of the relationship between the cost of mining and the price made it possible to conclude that the price of the cryptocurrency will vary between $ 20,000 and $ 64,000 by the end of 2019.
These calculations take into account the price of BTC in relation to the profitability of mining, which shows "a reliable long-term level of support."
"We expect the mining economy to grow over the next few years and the bitcoin price will reach around $ 36,000"What do you think about it?Doctors add that although $ 36,000 is the most likely target for bitcoin prices according to this analysis, it could end up anywhere in the $ 20,000 to $ 64,000 range depending on how the landscape develops over the next 18 months.
Even the lower end of the range represents an increase of 113 percent of the current bitcoin price, while a more optimistic target represents a surge of 583 percent. At the time of writing, bitcoin is trading at $ 9.375 on Bitfinex.