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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
âthe last time the general population can afford to buy an entire $BTC.â
This "could be" the last time the general population can afford to buy an entire $BTC
After 2021 â Bitcoin could move to a market price where most will only buy fractions
Global income per household is debatable, regardless, $BTC speculative value could be out of reach for most pic.twitter.com/GrmepQyNPp
â Josh Rager (@Josh_Rager) February 11, 2019
One of Chinaâs 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 isnât FOMOing in.
Although he seemed to be adamant that the cryptocurrency could post new all-time highs eventually, Dong made sure to note that thereâs a chance that BTC and other cryptocurrencies could establish lower lows in this market cycle.
He said:
âFor most people, if they donât pay attention to Bitcoin now, they wonât 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.â
Mark Jeffrey, the author of the crypto-related book âBitcoin Explained Simplyâ, 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.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.