Bitcoin to $22,000 in 2018? - Tom Lee Price Prediction BTC - Bitcoin CryptoCurrency News
welcome back to crypto minute my name is Zach and in this show we go over one cryptocurrency news topic in a New York minute or less and today we're gonna be talking about Wall Street Bitcoin Bowl Tom Lee and his Bitcoin price predictions for the end of 2018 now Tom Lee has made bitcoin price predictions in the past in January 2018 he stated that Bitcoin would be worth over $25,000 before the closing of this year and in March of 2018 he actually went on to state that Vic claim will be worth more than 91,000 dollars come 2020 but just recently
he made a statement that kind of rubbed some people the wrong way he actually retracted his $25,000 price prediction and stated that he could see Bitcoin more around $22,000 by the closing of the year which in my opinion isn't very bad $22,000 Bitcoin compared to $6,500 is a hell of a lot better where we are right now but he said he came to this price conclusion by kind of taking the current state of the market plus the prediction of Bitcoin mining difficulty so by the end of the year Tom Lee predicts that one Bitcoin will cost nine thousand US dollars to mine and bitcoins always roughly been worth about two and a half times its mining difficulty price so if it cost $9,000 to mine
he states it's gonna be worth $22,000 by the end of the year now in my opinion I always thought this whole year that Bitcoin could close above 20 to 25 thousand dollars is here I'm still gonna stick around those numbers in my personal opinion that we're gonna be around 18 to 25,000 before closing of the year and that would put us around probably an 800 to 850 billion dollar market cap now that's quite grand quite large and obviously that's on a bullish prediction
but I would love to know what you guys think do you agree with Tom Lee do you think his Bitcoin price prediction is spot-on are we gonna be a twenty two thousand a twenty five thousand by that in the year or are we gonna be a little more bearish let me know your price predictions for Bitcoin down below and your market cap price predictions I would love to hear both of those thoughts in the comments and if you guys enjoyed this news story and found it informative hit that like button.