Oliver Isaacs, Bitcoin analyst thinks Bitcoin will hit $25,000 around the end of 2019.
Isaacs talked about the reasons he still has high hopes for a rally in the near future, saying:
“There are multiple drivers behind the recent resurgence. There are geopolitical, technological and regulatory drivers. The net effect of the trade war between the U.S. and China has led to the sudden interest in bitcoin as a hedge on investments.”
Draper also commented on the state of mainstream adoption trends, with giant corporations such as Microsoft, Amazon, Starbucks and Whole Foods all now accepting payments in crypto.
He thinks that mainstream adoption will occur within the next few years and also claims that BTC will hit $250,000 by 2023. He commented on how he pictures the near future looking, saying:
“I think when you go to Starbucks to buy a cup of coffee, and you try to pay with dollars, they will laugh at you because you are not using bitcoin or other cryptocurrency […] It will be like the old lady paying out with pennies.”
SFOX Analysts have been calling the outlook for the crypto market “uncertain” and cautioning that bitcoin’s recent growth may have been simple result of the fear of missing out. They also pointed to the United State’s ongoing trade war with China as a reason for BTC’s rally last month.