Nigel Green, CEO of deVere Group, warned bitcoin will remain highly volatile as it comes under “increasing pressure” from Ethereum and other cryptocurrencies.
Mr Green said:
“Bitcoin will remain highly volatile over the next 12 months, which should be expected. When it recovers from its current position and if/when it climbs pass the next major resistance point, we could see it surge by 50 to 60 per cent, as many will jump in for fear of missing out for a second time.
Jamie Burke, CEO at Outlier Ventures, told CNBC that the predicted bull run will be followed by a general settling down of the market:
“We believe after February the market will likely go on a bull run comparative if not greater than last year potentially reaching the trillion-dollar mark before a proper crypto winter sets in where the market becomes more focused on proper market fundamentals.”
Thomas Glucksmann, head of APAC business at Gatecoin, emailed CNBC and said:
“There is no reason why we couldn’t see bitcoin pushing $50,000 by December 2018.”
Ran Neuner, host of CNBC’s show CryptoTrader (@cryptomanran) Tweeted,
Bloomberg Crypto Tweeted “Fed economists say Bitcoin can’t compete in a world of trust”
We all hold our breath for the time being… we sit… we wait…..