Will a Whole Bitcoin Be Unaffordable in the Next Few Years Assuming a New BTC Bull Run?

The crypto winter has lasted for over a year. While everything looks dark and gloomy currently, there are many crypto experts who see a light at the end of the tunnel.

A famous crypto analyst on Twitter, Josh Rager, said that now could be

“the last time the general population can afford to buy an entire $BTC.”

One of China’s most influential and notable Bitcoin bigwigs, Zhao Dong claimed that while the bear market will continue to the end of 2019, buying BTC at current valuations would be a great strategy. Dong explained that as it stands, the public has avoided paying attention to BTC, thus making it logical to stock up on the cryptocurrency while the general consumer population isn’t FOMOing in.

Although he seemed to be adamant that the cryptocurrency could post new all-time highs eventually, Dong made sure to note that there’s a chance that BTC and other cryptocurrencies could establish lower lows in this market cycle.

He said:

“For most people, if they don’t pay attention to Bitcoin now, they won’t pay much attention to most of the time, so for them, only how many tens of thousands of bitcoins will break them will be noticed again. If you and I believe in the future of Bitcoin, so it is best to hold as much as possible when nobody cares.”

Mark Jeffrey, the author of the crypto-related book “Bitcoin Explained Simply”, expects the digital asset to keep growing up to $250,000 in the future. That represents a price increase of 6719% from the current levels or 1150% from its all-time high. Jeffrey seems very bullish about this third cycle. He believes that Bitcoin will be reaching $250,000 in the future. Unfortunately, he did not provide the market with a specific timeline.

There are many other experts in the crypto space that are bullish about the most popular cryptocurrency. One of them is Tim Draper, that said that Bitcoin will reach $250,000. Draper is a recognized Bitcoin investor. Perhaps the most bullish prediction was made by John McAfee, who said that Bitcoin is going to be traded around $1,000,000 before 2021.

Publication date: 
02/18/2019 - 16:41
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