We have left all the predictions for the new year just behind us and yet the first expert knows what the price of the Bitocin will be at the end of 2019. Blockchain expert Julian Hosp puts his thoughts on paper. To indicate the value of his predictions, we first look back at his predictions over the past years.
Did Julian Hosp build a track record?
In 2016, the Bitcoin had doubled in value since its value in 2014. At the beginning of the year, many negative investors stepped out, but few new investors joined. Nevertheless, Hosp decided to keep its assets in Bitcoin and to await the price movement in the longer term. He predicted a rate of between $ 500 and $ 1,000. As reasons for this, he saw the movement in industry, technical progress and Bitcoin adoption. What he expected happened. The Bitcoin was approached much more positively and the price closed that year at $ 960.
2017 was, as everyone probably remembers, a special year. He foresaw that the price would end at around $ 2,000. This forecast seemed to last until July 17, 2017. After that, the prices rose rapidly, eventually ending at $ 12.897.70 at the end of the year.
In 2018, the crypto market was in minor decline throughout the year. Although Hosp maintained his prediction around $ 50,000 during the first half of the year, he saw the mood during the summer and adjusted his forecast. Again he was very adequate.
What does he expect from the Bitcoin share in 2019?
Before 2019 he sees two major threats to the growth of the Bitcoin. First of all, careless or too extensive regulation could lead to investors turning away. Secondly, governments themselves could intervene to earn crypto coins. This has already happened, for example, when Donald Trump banned the Venezuelan crypto currency Paymon. When this happens, he sees the price around $ 4,000. He himself expects the price, which is still at € 3,454.45, to rise to about $ 8,000. Although he is far behind with enthusiasts such as John McAfee. Yet a broad doubling of the course seems a blessing for many investors.
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