Bitcoin: One more 'Bullish' Prediction of 2017
Hello steemian friends, warm welcome!
Bitcoin Prediction:
Wall Street strategist 'Tom Lee' made a bullish prediction for bitcoin in a report titled "A framework for valuing bitcoin as a substitute for gold."
Fundstrat's Tom Lee estimates that bitcoin price could hit in between 20,000 USD to 55,000 USD within next 5 years i.e. 2022.
Bitcoin growth so far this year (2017):
On Sunday, Jan 01 2017, 13:49:32 UTC
Bitcoin Price was 973.75 USD with a Market Cap of 15,654,632,630 USD.
And today on Saturday, Jul 08 2017, 00:14:09 UTC
Bitcoin price is trading on 2518.77 with a 41,393,025,395 USD Market Cap.
(Source: https://coinmarketcap.com)
This means 2.59x (or 159%) growth in just 189 days.
2 Big reasons behind such bullish prediction:
Bitcoin is a decentralized cryptocurrency
There is a limited supply of Bitcoin (only 21 Million can be mined in its lifetime)
Thank you for reading! 😆😆 and also tell me what are your predictions for Bitcoin in near future???..
Love and peace!
@charlie26
https://steemit.com/steemit/@charlie26/my-steemit-experience-thanks-authors-and-followers