Analysts continue to be bullish regarding the Bitcoin price predictions.
From the beginning of the year, there have been a lot of bullish predictions regarding the price of the most important digital asset and some of them seemed unbelievable, others looked more viable.
Anyway, there are a lot of crypto voices in the industry who are claiming that soon we’ll be witnessing bulls again and according to some predictions, the next rally will be even more powerful than the one in 2017 which saw BTC hit almost $20k.
Arthur Hayes says BTC will reach $10k by the end of 2019
According to him, a new round of money printing from the government around the world would boost BTC to $10k by the end of this year.
On the other hand, in the long run, Hayes said that cash would disappear entirely and this will remove the number one way that people enjoy financial privacy.
Without fiat currencies, Hayes said that there would finally be real mass adoption of crypto and BTC can eventually reach $50,000 and even more in the long term.
Invest at least 1% of your portfolio in BTC
Xapo CEO Wences Casares believes that strong returns from BTC mean that most portfolios should be investing at least one percent in the digital asset because it’s continuously outperforming other traditional assets such as indices and stocks.
“I suggest that a $10 million portfolio should invest at most $100,000 in Bitcoin (up to 1% but not more as the risk of losing this investment is high). If Bitcoin fails, this portfolio will lose at most $100,000 or 1% of its value over 3 to 5 years, which most portfolios can bear,” he said, according to NewsBTC.
He continued and explained that “However, if Bitcoin succeeds, in 7 to 10 years that $100,000 may be worth more than $25 million, more than twice the value of the entire initial portfolio.”