It was a rough year for crypto investors, with the price of Bitcoin dropping 73% from Jan. 1, 2018 to Nov. 27, 2018. But just like with any bear market, we could see BTC prices rebound in the next year.
That’s why we had to make sure you saw the latest Bitcoin price predictions for 2019.
The lowest price target on Finder.com for Bitcoin in 2019 is $7,000. From today’s (Nov. 27) price of $3,748.90, that’s a potential gain of 86.72%.
Not too bad.
However, there’s one BTC price prediction for 2019 that is so bold, you won’t believe it until you see it.
We’re going to get to that in just a minute.
But first, we’re going to answer some of the most common questions we’ve received about Bitcoin heading into 2019…
Why Did Bitcoin Prices Drop in 2018?
As we mentioned earlier, the cryptocurrency market is bearish right now.
Bitcoin prices have dropped right along with Ethereum, Bitcoin Cash, Litecoin, and XRP.
One of the reasons for the bearish sentiment is Bitcoin ETFs were rejected by the Securities and Exchange Commission (SEC). Crypto investors were hoping an ETF would lure new money into the market, according to Money Morning Cryptocurrency Expert David Zeiler.
“A Bitcoin ETF would help bridge the gap by allowing these large investors to gain exposure to Bitcoin without the hassle of owning it outright. At the same time, it will open the door to a class of investors whose presence will help fortify and stabilize the Bitcoin markets,” Zeiler said on Sept. 17, 2018.
But the SEC isn’t ready for a Bitcoin ETF, which means crypto investors still have to wait for retail money to hit the market.
Also, high-profile hacks of cryptocurrency exchanges in 2018 have undoubtedly made investors nervous about using and storing crypto.
As of July 4, 2018, $731 million worth of cryptocurrencies were stolen from crypto exchanges in the first half of 2018, according to CCN.com.
The Japanese cryptocurrency exchange Zaif was hacked on Sept. 19, 2018, and $59 million worth of crypto was stolen.
Finally, the run-up of crypto prices in 2018 was so astounding that the market needed a cooldown.
BTC prices traded for $963.66 on Jan. 1, 2017, and climbed 1,364% to $14,112.20 by Jan. 1, 2018.
Stunning: New innovation will be like “adding twin turbos to the Bitcoin engine” – and could send its price to $100,000. Learn more…
Early crypto adopters cashed out their profits and became millionaires.
But now that prices have come back to earth, we’re getting a lot of questions about whether Bitcoin is still a good investment in 2019…
Should I Buy Bitcoin in 2019?
There are two reasons to buy Bitcoin right now.
The first is if you believe cryptocurrencies and tokens are the future, you can buy some and spread the adoption of crypto.
By owning and using Bitcoin, you can help make its widespread adoption a reality.
This is a list of vendors that accept BTC as payment to get you started.
The second is to invest in the currency in the hopes of making a profit.
Right now, all investments in cryptocurrencies should be considered speculative.
You should never invest what you can’t afford to lose.
If you just want to be an investor and speculate on the price of Bitcoin in 2019, you can open an account on Coinbase.
We also have a list of seven other cryptocurrency exchanges, as a service to Money Morning readers, to review right here.
And if you want to know if now’s the right time to buy, let’s jump right in and look where analysts see prices heading in the next year…
Here’s Where BTC Prices Are Headed Next Year
As we mentioned earlier, all 10 crypto experts see the price of Bitcoin is going up in 2019.
Craig Cobb of TraderCobb.com believes BTC will reach $7,000 by Dec. 31, 2019.
That was the lowest projection of the group.
|Analyst||2019 BTC Price Prediction||Potential Return|
No one would complain about netting a 100% or more return in 2019 from Bitcoin.
But this next Bitcoin price prediction is massive…
Nerijus Tilvikas is the COO of the cryptocurrency exchange Tokia.io. The exchange specializes in simplifying fiat-to-cryptocurrency conversions and vice versa.
And he believes that by Dec. 31, 2019, the price of BTC will climb to $50,000. That’s a potential profit of 1,233.72%.
Of course, we uncovered an even bolder Bitcoin price prediction that you can’t afford to miss…
The Crypto Party Is Far from Over
Bitcoin is expected to undergo a massive upgrade – and it could kick off a price surge all the way to $100,000.
Cryptocurrency expert Michael Robinson has put together a special report on a unique strategy that could help you pocket one windfall after another not just on Bitcoin, but on all the cryptos he’s following now.
To get step-by-step instructions on how you could become the next crypto millionaire, click here now…
About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.
Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.