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#tags ^_^ ;#* ⸺ ooc : welcome to appled bee's )#* ⸺ self promo : true colors. )#* ⸺ promo : march of the guests. )#* ⸺ inbox : prison toys. )#* ⸺ mine : playful oddities ! )#* ⸺ headcanon : so many keys / yet none to unlock your cage ! )#* ⸺ ic : an escaped child threatens everything. )#* ⸺ study : a feeling for meat. )#* ⸺ aes : tell us / what have you seen ? )#* ⸺ music box : six's song. )#* ⸺ six : a hungry child. )#* ⸺ the maw : are you hungry for another one ? )#* ⸺ pale city : something on the air. )#* ⸺ rel; mono : hold tight / and we'll be just fine ! )#* ⸺ rel; the lady : who knows what might look back ? )#* ⸺ rel; rk : kindness will be your undoing ! )#* ⸺ rel; rcg : beneath the waves. )#* ⸺ rel; the thin man : lost in transmission. )#* ⸺ saved : little lost things. )#* ⸺ crack : i'm twelve / let the madness consume me ! )
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Bitcoin Price to End 2019 Up 84% — Claims ‘Panel of Experts’
A “panel of experts” questioned by Finder.com.au believes that Bitcoin (BTC) may end the year at price levels 84 percent above what they currently are sitting at.
The first and foremost cryptocurrency is currently trading at $3373.13 on Bitstamp at the time of this writing. 84 percent of Bitcoin’s current price is $2833.43, meaning an increase of the same percentage would equate to a year-end price of approximately $6206.56.
Digital Capital Management’s CEO, Ben Ritchie, submitted the highest predicted price by guessing Bitcoin would finish 2019 at $9500.
Ritchie’s guess stems from a belief that Bitcoin will remove itself from the rest of the cryptocurrency market while institutional investors slowly start making use of high-quality onramps from the likes of Bakkt and Fidelity Group. He stated:
Two things to look out for in 2019 will be whether we will see decoupling of the cryptocurrencies, as to date they have trended in a relatively similar manner.
The second is the impact of the traditional markets on cryptocurrencies. Will bitcoin rise if the S&P drops? On-ramp and off-ramps to purchasing cryptocurrencies will improve in 2019 with Bakkt and Fidelity Group entering the market. However, I do not believe we will see many institutional investors enter for some time yet.
Ritchie’s prediction was above the average, however, of beneath $7000.
Catalysts: Bakkt and Fidelity
Bakkt indeed continues to make waves in the Bitcoin-investment market, having acquired some assets of Rosenthal Collins Group (RCG), a longstanding independent futures commission merchant.
Likewise, Fidelity Digital Assets is reportedly planning on launching a Bitcoin Custody Service as early as next month, which is expected to make on-ramping institutional investors easier than ever.
What do you think Bitcoin’s price will be at the end of 2019? Will it be under $7000 — or reach $9,500, as Ritchie predicts? Let us know your year-end price predictions in the comments below!
Images courtesy of Shutterstock, CoinMarketCap.
The post Bitcoin Price to End 2019 Up 84% — Claims ‘Panel of Experts’ appeared first on Bitcoinist.com.
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