Creator of the Web Bot Project, Clif High a Bitcoin expert, predicts that the beginning of March is the likely time that we will see another boost in Bitcoin price, just like we saw at the end of last year, where Bitcoin hit an all time high. This applies to the entire crypto space, and not just for Bitcoin.
So what makes this price increase different? Previously, we have been seeing what is described as a crocodile tooth, where the price increases and then falls. But the number of investors is set to considerably increase, as cryptocurrencies become more and more mainstream, which will mean that the price will not fall so significantly again. High believes that Bitcoin will hit $64,000 as early as April, and adds that it will go even higher. Although it would be expected that it would see a 30% drop after the initial high, this will still bring that value of the coin to the mid $40,000’s. He even goes as far to say that we might see it reach in the region of $100,000 this year.
More and more companies are bringing out products that are associated with cryptocurrencies, and we are likely to see more over this next coming month, and see the success of these rise. This is likely to draw more people into the crypto space. It is predicted that Bitcoin will hover around current levels, but that this increase in popularity will cause this price to increase.
Clif High said “as we get into mid February those who have the ability to look forward will see just fifteen, eighteen days from then so early March the beginning of a very of our next big up leg” but it was his next thoughts that caught my imagination.
Clif High continues “The current buyers of the world’s cryptocurrency is less than one and half percent but the next cohort that’s coming in is thirteen and a half percent of the population”.
Can you imagine if thirteen percent of the world population bought into cryptocurrency?
Story By Frankie Crowhurst courtesy of CryptoDaily.co.uk