Bitcoin is a relatively young technology, less than a decade old. It is steadily moving towards mainstream adoption. Yet the bitcoin network still makes up a miniscule fraction of the economy. Few experts would recommend people with scant expendable income invest exclusively or heavily in bitcoin. Price predictions can offer an interesting intellectual exercise as long as speculators remember literally anything can happen in these uncharted waters. “I think trying to make micro predictions about price is very challenging,” Carlson said. “All signs point to the market being completely erratic right now.”
February predictions from experts says that Bitcoin will rise this month ‘to double’.
Out of 15 experts, 14 expect the price of bitcoin to rise to 89.6% this month.
“While I believe bitcoin will continue to grow in the coming year, in the long run, I see other currencies taking its place as leaders with superior technology.”
– Shahar Rabin, CEO, Capitalise
So all we have to do is to wait till the end of this month!