The founder of Morgan Creek Digital, Anthony Pompliano, believes that Bitcoin can show parabolic growth for five years.
The Bitcoin price volatility has increased by almost 200% over the last month, as BTC has risen above the $ 5,000 mark.
According to Bitvol.info, the price volatility of the first cryptocurrency increased by almost 200% from a monthly low of 1.26% to 3.31% for the period from April 1 to 2. Currently, the volatility indicator is at the level of 3.54%.
After the Bitcoin rate jump at the beginning of the month, the price of the first cryptocurrency is in the consolidation phase. However, some traders believe that Bitcoin will soon reach $ 5,800.
Despite the fact that in recent days, the rate of the first cryptocurrency has slightly increased, the main resistance is at around $ 5,400. Bitcoin price is approaching this mark, but so far, it cannot break through the wall of orders placed by sellers.
Clem Chambers, general manager of the ADVFN financial market website, believes that the cryptocurrency winter is over and the price of Bitcoin will rise to $ 10,000 by the end of the year.
"All last year I said that Bitcoin would fall to $ 2.500. As a result, his quotes stopped at $ 3.000. Now he started to grow and I think his first goal is $ 6.000, and then $ 10.000," he said in interview to Forbes. "At the moment, we can safely say that the cryptocurrency winter is over. Here is my forecast."
The founder of Ethereum, Vitalik Buterin, supported Bitcoin SV delisting occurring on several exchanges.
The head of Xapo expressed the opinion that every responsible investor should invest at least 1% of his investment portfolio in Bitcoin, because the first cryptocurrency can affect the world more than the Internet.
Wences Casares stressed that if you invest in Bitcoin, for example, 1% of the $ 10 million portfolio, this investment can bring up to $ 25 million in 7-10 years. According to the head of Xapo, the rate of the first cryptocurrency may well reach $ 1 million in a specified period of time. If Bitcoin disappears, then the loss will be only $ 100,000.
The founder and head of the BKCM LLC cryptocurrency hedge fund Brian Kelly (Brian Kelly) said that behind the growth of Bitcoin are strong fundamental factors.
In the program "Fast Money" on CNBC Kelly explained why this month the price of the first cryptocurrency rose to the level of November last year. In addition, according to the founder of BKCM LLC, there is a high probability that the $ 3,200 mark will become the "bottom" of the market.
Winnie Lingham, general partner of Multicoin Capital and the head of Civic, believes that if the Bitcoin rate rises above $ 6.200, this will signal the beginning of a new cycle in the bull market.
"That said, if we can break $6.200 for BTC, it will likely mark the start of another major bull run and could run hot and high, but if it's pure speculation and other assets benefit disproportionately to value created, it's likely not going to end well again," Lingham said.
Chinese cryptocurrency billionaire Zhao Dong expressed the opinion that the "bearish" market is not over yet and the rate of Bitcoin will not exceed the mark of $ 6,000 for most of 2019.
Zhao Dong believes that the price of Bitcoin will be within the channel $ 4,000- $ 6,000 at least until October of this year. As for the recent rise in the price of the first cryptocurrency, the rate is still in this channel.
Throughout the existence of Bitcoin, it was repeatedly called a bubble. This was also the case in the period of super-fast growth in 2017, when many economists claimed that the bubble would pop soon.
However, according to Ran NeuNer, the host of the Crypto Trader program on CNBC, not one bubble can pop twice.