Bitcoin is continuously breaking its all-time high records lately. So analysts are expecting to see new movement of BTC in cryptocurrency market. Investments into Bitcoin and cryptocurrency are pouring in and general increase in investors' confidence is being seen.
Ronnie Moas, who is the founder of Standpoint Research, is very optimistic and hopeful about Bitcoin's price rising in future.
Homepage of Ronnie's website.
According to his analysis Bitcoin, will rise up $14000 in 2018.
Ronnie set a $50,000 target price for 2027.
On the other hand, Novogratz, the creator of Galaxy Investment Partners will invest $500 million crypto fund in the blockchain capacity. According to him, investors have been looking into cryptocurrecy.
Mainstream institutional investors are about six to eight months from adopting bitcoin. ~ Mike Novogratz
Around the globe, Bitcoin traded around $8300 today but Korean exchanges were trading at 5 percent premium rate. In South Korean markets, Bitcoin is still being traded at the cost of $8500 with $300 premium fee. South Korean bitcoin exchanges have managed to sell Bitcoin even at a high premium during powerful bitcoin rallies.
What does this increasing investors' confidence and more investment coming in Bitcoin mean to the cryptocurrency market? Share your thoughts.