As 2018 came to an end, crypto
Currency Tok a big hit, 80% dropped from there peak in earlier January, Bitcoin
in November also dropped by 80% it lost almost 3 ninths of its value in
previous weeks. Bitcoin dropped as low as $2,000 USD but make a nice recovery
shortly after. Heading into 2019 bitcoin predictions are believed to make a
rise and some experts are suggesting that bitcoin could be worth a staggering,
$20,000 or even $50,000 USD. With the cryptocurrency predictions setting high
expectations now would be a great time to invest. Jeet Singh A cryptocurrency
portfolio manager stated he wasn't worried about the cryptocurrencies
fluctuating and said that it is normal for cryptocurrency to fluctuate 70-80%.
He then compared cryptocurrencies to companies such as Microsoft and Apple
stating, initially the stocks were also volatile for them and as they gather
their business model, stocks not only climbed but they become much more stable
too.
for me I believe Bitcoin will be worth a lot more in later 2019 as the other altcoins
fade, bitcoin will continue to rise and become more dominant Especially with
the current political and economic problems between America and China, bitcoin
is considered a safe haven.
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