Bitcoin Gains $2,000 in 24 Hours – All of the Lofty Predictions You Heard May Be True.
Actually “Bitcoin Gains $2,000 in 24 Hours” is not entirely accurate. It took about 20 hours for us to see Bitcoin reach $14,000 after exceeding $12,000 just last evening. The last conservative prediction of Bitcoin hitting $14,000 sometime in 2018 are out the window. John McAfee doubled down on his bet of eating his own dick on live television if Bitcoin doesn’t hit $1 million by 2020. With Bitcoin gaining a whopping 15% in less than one day it’s hard to be skeptical.
When one steps back and lets this fact soak in – Bitcoin Gains $2,000 in 24 hours – wealth beyond the dreams of avarice come to mind. If someone were to entertain the notion of Bitcoin daytrading instead of the much more popular “buy and hold” philosophy – a cryptocoin trader can make half a million dollars per year if the current pattern of gains hold true. Similar gains seem possible in Ethereum and IOTA among other exciting digital currencies that are on the rise these days.
With Bitcoin futures trading starting in just a few days, I wouldn’t be stunned to see Bitcoin break $40,000 before New Year’s Eve 2017. Do the math. Let the fact that Bitcoin Gains $2,000 in 24 Hours be your basis. Today is December 6th which leaves 25 days left in the year. If Bitcoin gains at roughly HALF the current rate we’re looking at a $25,000 increase in Bitcoin value by the time the ball drops and we pop the Champagne at the stroke of midnight. This makes my Bitcoin price prediction somewhat conservative taking into account the current rate of increase of Bitcoin value.
This article is entitled Bitcoin Gains $2,000 in 24 Hours and in as much as I am endlessly amazed at the Bitcoin value spike I wouldn’t be surprised to be writing about a $4,000 gain this same time tomorrow.