BITCOIN (BTC) has experienced a turbulent year, with the asset’s price slowly falling throughout 2018 - hitting its lowest point in mid-December, according to CoinMarketCap. But can the virtual currency bounce back in 2019, or will it plunge to new lows? Several cryptocurrency specialists have given various predictions on what they believe will happen to BTC’s price in 2019 and the broader impact it will have on cryptocurrency markets. Some experts remain bullish in their outlook, with others providing more modest forecasts. Calvin Ayre (founder of Bitcoin Cash and now the face of Bitcoin SV) believes Bitcoin will plummet to zero in 2019.The crypto entrepreneur’s outlook does not “reflect an overall bearish attitude towards crypto but more a belief that Bitcoin has now been superseded by more scalable technology and solutions”, David Thomas, director and co-founder of GlobalBlock, told Express.co.uk.GlobalBlock have given a reasonably modest bitcoin price forecast of $8000-$10000 (£6,300-£7,880) for 2019.But ex-Goldman Sachs billionaire fund manager and founder of Galaxy Digital, Mike Novogratz, is more optimistic about the potential of BTC's price to surge next year.
Bitcoin (BTC) is down 1.89% over the past 24 hours and is currently trading at $3,796.47 on Coinbase. BTC dominance is at 51.9% and the total cryptocurrency market cap is currently at $127.7 Billion.
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