Post
Topic
Board Economics
Re: Notable Bitcoin Critic Claims Price Likely to Hit $5,000 In Near Future
by
wuvdoll
on 20/01/2019, 06:14:05 UTC
How do you respond to comments made by Bitcoin critic Jeffrey Gundlach, CEO of DoubleLine management. He estimates that Bitcoin can reach $ 5,000 in the near future. Gundlach notes that investors who have a high tolerance for risk can make easy profits if they want to trade Bitcoin.

The question: is it true that currently Bitcoin has changed with fairly competitive volatility ...?

Source: https://www.newsbtc.com/2019/01/11/notable-bitcoin-critic-claims-price-likely-to-hit-5000-in-near-future/
I don't think experts are really that much experts neither, how can you be an "expert" in bitcoin when you have no idea what makes bitcoin go up and go down. These so called experts probably see that SEC is potentially accepting the securities deal and then they see Bakkt trying to build a platform for constitutional money and got hundreds of millions of dollars in funding which means they will probably manage to get it working.

When you combine all these great news together there is a big potential of bitcoin going to 5 thousands dollars, you don't have to be an expert to know that bitcoin has a big potential to go up now. After a whole year of bear market and couple of upcoming great news, it is bound to eventually go up, they didn't say like 50 thousand dollar neither, just 5 thousand which is something pretty close to our current price.