RATE Group | Bitcoin $200,000, or a ‘Crypto Winter’? Several Experts Weigh In
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Bitcoin $200,000, or a ‘Crypto Winter’? Several Experts Weigh In

23 Oct Bitcoin $200,000, or a ‘Crypto Winter’? Several Experts Weigh In

Posted at 16:57h in Bitcoin News by

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Predicting markets can be a fool’s game. But some experts say they can make general, broad predictions based on valuations, investor behavior and cyclical market patterns.

We caught up with five industry participants with a good pulse on cryptocurrency markets: Jim Blasko, founder of Bitcoin Talk Radio; Marshall Long, co-founder of eBoost, which integrates cryptocurrencies into gaming communities; Michal K Jeoung, CEO of cryptocurrency asset management platform, TrustVerse; Max Tsaryk, CEO at Blockchain-based content sharing platform ASQ Protocol and Nate Whitehill, co-founder and CEO at cryptocurrency news site, Cryptoslate. Here is their take.

The Floor Is In?

Jim Blasko bullishly predicts that Bitcoin will top out anywhere between $100,000 and $200,000 in late 2020 or early 2021 (It’s currently trading around $6,500).

His prediction timeline follows a pattern of the technology’s mining “reward” changing from 12.5 Bitcoins per block mined down to 6.25 Bitcoins — as well as…

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