This Trader Prediction That Bitcoin Price Will Raise Up To USD 49,474 at the End of 2018

Bitcoin prices that return to the range of US $ 7,000 (100 million IDR) / coin make some investors believe prices will return to the rally.

This price rally is driven by an increasingly eye-catching digital currency (cryptocurrency) market that will attract physical gold investors into "digital gold" investors, "said Gabor Burbacs, Director of Digital Asset Strategies at VanEck / MVIS.

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"Currently gold has an incredible valuation of about US $ 7 trillion.If you take, say, 5-10%, Bitcoin will rise," he said as quoted from CNBC International.

Bitcoin currently has a market capitalization of US $ 128 billion, according to Coindesk. If 10% of the gold trade goes to Bitcoin, it will more than triple its market capitalization, according to Gurbacs calculations.

"Bitcoin is used as digital gold today, it's a riskless asset, basically if someone wants to risk systematically, then someone will go to access gold or digital gold (Bitcoin)," he added.

Before Bitcoin matures, cryptocurrency markets need to evolve to address some of the topics that make institutional investors less comfortable, Gurbacs said. He calculates market pricing and valuation and customer protection and compliance as one of those issues.

There are 120 cryptocurrency exchange exchanges, he says, and often Bitcoin prices change from platform to platform. His company, VanEck / MVIS, handles the issue at an independent price benchmark.

"We believe that there is sufficient liquidity We believe there is a price benchmark We believe there is a way to integrate bitcoin into the financial ecosystem we use for ETF mutual funds, stocks, bonds and commodities," he said.