Tom Lee : Bitcoin to reach $25,000 Soon and this is why?
Tom Lee Predicts End of Year Bitcoin Price will increase and may hit 25000$ or more
the most reasons of that prediction was the Bitcoin mining cost and this will lead to increase in the Bitcoin price as the cost now exceed 9000$ to mine one Bitcoin.
What do you think about that. you can see the video here
let me know your thoughts in the comment section
thanks
Never thought about the price as a reflection of the amount of work that is required to mine the coin, thank you for the insight! @starsima
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@starsima 25K at the end of year 2018 is possible. Many institutional investors are planning and ready to enter the market. Hence billions of dollars will flood the market cap soon. We have already seen an unexpected and extraordinary growth last year and cannot deny that it will never happen again.
There are few people you can trust in this market
Tom Lee is certainly one of them.
He is a Pinoier
But price forecasts are very difficult so do not be blinded.
Bitcoin is more than a daily price in the chart