Prediction: Bitcoin Will Be Worth $181,000 in 1 Year
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There's been a growing sense of optimism around Bitcoin (CRYPTO: BTC) this year. The lead cryptocurrency set a string of new highs as confidence grew and institutional investment poured in. One big driver has been its potential as a form of digital gold -- a store of value in uncertain times.However, last week the industry set a very different record. On Oct. 10, at least $19 billion in crypto was wiped out in what CoinGlass says was the largest liquidation in crypto history. Prices fell as markets reacted to the potential of new tariffs and trade kerfuffles with China. Although Bitcoin has recovered some of those losses since, it's understandable for investors to wonder where it might be heading next.Analysts at Citigroup think Bitcoin has room to grow almost 60% in the next 12 months. Let's take a deeper look at this forecast.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
Quelle: MotleyFool