Re: Why we will see $50k Bitcoin end of year

The last time the CBOE launched a Bitcoin financial tool, futures, we saw $20k. Recently rising Bitcoin dominance shows people betting on the latest CBOE tool, ETF, being approved.

Bitcoin dominance is heading towards fifty percent by marketcap. What does this mean for the price and how should traders and investors view it? Marketcap is by far not the best metric to read dominance, but that doesnt mean it cant add value to your trading.

Latest Podcast Episode Discussing More Details

https://soundcloud.com/buy-or-sell-what-the-hell/does-bitcoin-dominance-matter-to-traders-35

I would not believe Bitcoin would be at that price and i think $ 25,000. Because the crypto market is hard to predict. Tomorrow will be different today so we can completely believe in ourselves.

I think history repeats its self but the current market is not like it had been last year so it would be irrational to expect the market going high like last year. However the growth is not so dormant either. There has been a good portion of rise in the volume of Bitcoin in the previous month which meant that still despite the fall people look forward to invest in the crypto for the marginal benefits in crypto are still way too high.

In my view the maximum price for bitcoin till December this year would be not more than $10000 because if we look the current situation of the market we will find that the investment cap is very low and that is the big reason for decreasing price of bitcoin. You are right that nobody can predict the price for future due to huge volatility in the price.