Bitcoin shot up in price by more than 1800 percent last year, rocketing from about $1,000 per coin to more than $19,000. But now one expert has said the price could ‘easily double’ or even triple again in 2018.
Tom Lee, co-founder and head of research at Fundstrat Global Advisors, has a history of accurately predicting Bitcoin’s behaviour. In August 2017, he said the cryptocurrency would soar above $10,000.
In December, it hit a whopping $19,000 per coin before taking a nosedive and losing about 25 percent of its value. Lee said Bitcoin would rocket above $20,000 this year and stay there.
MORE: You can now store Ripple and Bitcoin in a creepy microchip implant that’s been compared to ‘the mark of the beast’ If it breaks the $20k barrier, the cryptocurrency could even ‘see a move bigger than that’. He told CNBC: ‘As millennials discover and generate income, they’re going to use it as a replacement for gold.
‘I think Bitcoin is still something you should own.’ Ripple is currently dropping like a stone, plummeting from $2.52 to $1.81 in the past week. Ethereum, on the other hand, has been on the rise. Read more from metro.co.uk…
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