Smartereum which is known for its crypto price predictions is back with more juicy forecasts.
The online publication notes that the latest Arthur Hayes BTC price prediction says that the digital asset’s price will begin surging significantly from the Q4 of thgis year.
Bullish Bitcoin predictions
BitMEX CEO, Arthur Hayes joins the gang of crypto experts who foresee a great future for the most important digital asset in the crypto space.
The online publication mentioned above writes that Hayes believes BTC will start moving in a more bullish trend before the end of 2019.
“According to him, by the fourth quarter of 2019, the Bitcoin price is forecasted to be as high as $10,000. By the end of the year, it is expected to rise as high as $20,000,” Smartereum writes.
It seems that this prediction was made via a newsletter published a few days ago.
He published the letter in order to answer some questions coming from the crypto community regarding BTC price, recovery and more.
“That is a very significant psychological barrier. $20,000 is the ultimate recovery. However, it took 11 months from $1,000 to $10,000, but less than one month from $10,000 to $20,000 back to $10,000,” Hayes wrote.
Bitcoin to hit $100k
Smartereum brings up another price prediction worth mentioning for BTC. It belongs to Nick Helman who said that the next BTC bull run would tale the BTC price up with 650% at least.
The prediction was published by Today’s Gazette which wrote that Hellman sees BTC hitting $100k.
The trigger of such a colossal surge? Institutional investors.
The whole crypto space is waiting for a massive influx on institutional investors this year which will trigger a surge in price for Bitcoin and the altcoins and also will support mainstream crypto adoption.