RATE Group | Bitcoin price news: BTC’s fortunes will CHANGE after crash as analysts predict price SUR…
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Bitcoin price news: BTC’s fortunes will CHANGE after crash as analysts predict price SUR…

22 Nov Bitcoin price news: BTC’s fortunes will CHANGE after crash as analysts predict price SUR…

Posted at 05:18h in Bitcoin News by

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BTC has fallen to its lowest price since October 2017. Following the price crash, numerous bitcoin analysts have predicted a bounce back in value. Some forecasters are bullish in their outlook in anticipation of a major market turnaround.

Adam Back, co-founder of the blockchain firm Blockstream, gave an explosive prediction, saying BTC would experience a meteoric rise in value “in the years ahead”.

He said on Twitter: “Personally I consider $250k-$500k/BTC plausible in the years ahead.”

Mr Back was responding to fellow bitcoin enthusiast Bobby Lee, who speculated the overall value of bitcoin could overtake the value of gold in the coming years.

Mr Lee’s views are mirrored by bitcoin economist, Dr Saifedean Ammous, who told Express.co.uk bitcoin could one day allow the world to return to the so-called “Golden Era of capitalism”.

READ MORE: Bitcoin could pave way for NEW FINANCIAL ORDER

Dr Ammous explained bitcoin – the “hardest money on earth” – allows the technology to…

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