No One Will Care About Bitcoin Price In 5 Years
Bitcoin started decreasing more than a year ago. Since that, investors made every effort to find the bottom. Some of them tried to compensate the losses investing in BTC gradually. The others were not rational – they selling and buying BTC in the emotion of the moment. Josh Rager – an analyst – claims that it won’t matter whether you bought BTC for $1800 or $3400 in 5 years.
Rager answered to The Crypto Dog’s tweet about Bitcoin bottom. BTC has already lost 85% and the next 5-7% won’t really change something. In other words, it makes no sense to look for the bottom no while the market keeps going down.
To recap, Rager also claimed that 2019 could be the last year when middle class would afford buying 1 BTC.
Most likely, such an optimism reflects opinion of numerous bulls who are sure of Bitcoin’s exponential growth. IBM’s Jesse Lund claimed recently that BTC could reach $5000 by the end of 2019, but it also could reach $1 000 000 in the long run, taking into account increase of institutionals’ interest.