Bitcoin Pioneer Mark Jeffrey: Bitcoin May reach $250 000
Mark Jeffrey who published “Bitcoin Explained Simply” (2013) is still optimistic about the future of BTC. Regardless to persisting bear trend, he forecasts increase of price of the first crypto currency to $250 000. Jeffrey highlights that he thinks that the situations looks like dotcom bubble.
Indeed, the end of 2017 is similar to the beginning of the beginning of dotcom boom. Investors were afraid to miss huge income and wasted a lot of money on buying Bitcoin. When they understood that they could lose money they panicked.
Jeffrey says that the “dotcom cycle” lasted for 4-5 years. He is sure that the situation as developing much faster in the crypto currency world (it took 1.5 years). Jeffrey believes that the things will get better. He cannot name an exact date, but the situation will certainly move off dead center.