Of the many cryptocurrencies out there, Bitcoin is the proudest exponent of blockchain technology. From 10,000 Bitcoins being valued to the equivalent of 2 large Papa John’s pizzas on the 22nd of May, 2010, to being a multi-thousand dollar commodity today, Bitcoin has seen its fair share of highs and lows.
Bitcoin was subject to many ludicrous predictions in 2019. How did Bitcoin fare in 2019? How accurate were Bitcoin price predictions for 2019? How will Bitcoin fare in 2020? Read on to find out, and learn much more.
Bitcoin’s Journey in 2019
After a dismal end to 2018, Bitcoin needed to gather steam in 2019. While Bitcoin did not take off to unchartered territory in due course of the calendar year, it performed admirably well. From starting the year at $3,798.62 on the 4th of January, 2019, to being valued at $7,177.36 on the 31st of December – Bitcoin witnessed great growth in 2019. That being said, what did experts predict for Bitcoin in 2019, and were they right?
Expert Predictions – Bitcoin 2019
Mike Novogratz is a banker who has previously worked on Wall Street. Novogratz is among the few experts, who have made accurate Bitcoin predictions for 2019. According to him, Bitcoin was to cross $6,800 in 2019, and it did. While this may have seemed like a conservative prediction at the time, he was right! Bitcoin ended 2019 just above the mark he predicted.
Luke Lombe, the Head of Blockchain at PlayChip Global predicted Bitcoin to touch $12,600, come the end of 2019. Kyle Fournier, a Crypto Analyst, and Hans Battle, the CFO of Incremint, believed that Bitcoin would hit the $10,000 mark in 2019 (which it did),