Bitcoin price news: Will bitcoin fall below $1 – How much does bitcoin cost today? | Cit…

The year 2018 saw bitcoin peak at £15,000 ($19,562.85) but it has also hit lows of £4,600 ($6,001.50) on February 16.

Bitcoin is now trading at £5,069.90 ($6,612.11) as of 8am, according to fool.co.uk.

The forecast for the virtual currency suggests the token will volatile over the medium term but could it return to its £0.77 ($1) starting price?

Optimistic investor sentiment has driven for its recent rise in value, with investors enjoying a 10-year bull market that has seen asset prices surge worldwide following the 2008 financial crash.

The world economy is expected to grow by around four percent per annum over the next couple of years, and this is set help to push asset prices even higher.

This could result in increasingly bullish investors adopting risky approaches to investing.

And this could positively impact the bitcoin price, with greater risk-taking helping its performance over the medium term.

However the long-term prognosis for the virtual currency remains debatable.

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