Hello steemian friends, warm welcome!
Bitcoin Prediction:
Wall Street strategist 'Tom Lee' made a bullish prediction for bitcoin in a report titled "A framework for valuing bitcoin as a substitute for gold."
Fundstrat's Tom Lee estimates that bitcoin price could hit in between 20,000 USD to 55,000 USD within next 5 years i.e. 2022.
Bitcoin growth so far this year (2017):
On Sunday, Jan 01 2017, 13:49:32 UTC
Bitcoin Price was 973.75 USD with a Market Cap of 15,654,632,630 USD.
And today on Saturday, Jul 08 2017, 00:14:09 UTC
Bitcoin price is trading on 2518.77 with a 41,393,025,395 USD Market Cap.
(Source: https://coinmarketcap.com)
This means 2.59x (or 159%) growth in just 189 days.
2 Big reasons behind such bullish prediction:
ļ¼ Bitcoin is a decentralized cryptocurrency
ļ¼ There is a limited supply of Bitcoin (only 21 Million can be mined in its lifetime)
Thank you for reading! šš and also tell me what are your predictions for Bitcoin in near future???..
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