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Bitcoin price 2019 predictions: Forecasters reveal five BTC price scenarios | City & Business | Finance

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trading is in the green today, with prices at 2pm GMT (UTC) hovering around the £ 3,163.12 ($4,000) price point. At 2.13pm GMT bitcoin exchanged hands for £ 3,177.88 ($4,018.66) on CoinDesk – an upward trend of 0.048 percent. The recent upswing in trading comes after a minor bull run at the start of the week saw prices spike from around £ 2,372.34 ($3,000). And the upwards movement comes as a welcome Christmas surprise after prices crashed mid-November from highs of over £ 4,745.28 ($6,000).

Between the night of November 13 and the morning of December 16, bitcoin plummeted about 50 percent in value, crashing from about £ 4,903.46 ($6,200) to £ 2,530.82 ($3,200).

David Thomas, director and co-founder of London-based crypto broker GlobalBlock, labelled 2018 so-far a “frankly dreadful” year for cryptocurrency.

The crypto expert said: “The cryptocurrency industry has to date been viewed as the wild west; an analogy that is regularly wheeled out in any new immature financial market sector.

“Governments and institutions have been looking at the space over the last year and are poising themselves to make big moves, but hesitancy is the dominant force at present until assessment is made on how best to introduce regulation.”

So, with this in mind, what are crypto experts saying will happen to bitcoin in 2019?

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Bitcoin price forecast: BTC price chart

Bitcoin price forecast: Five experts shared their BTC 2019 predictions (Image: GETTY/COINDESK)

Five bitcoin price predictions for 2019

Crypto predictions for the next year range from dire to extremely optimistic, with some experts expecting a total crash of bitcoin trading.

Bitcoin has continually fallen during 2018

David Thomas, GlobalBlock

Mike Novogratz, the former Goldman Sachs fund manager and founder of Galaxy Digital, finds himself in the positive camp of bitcoin forecasts.

Mr Thomas said: “Mike Novogratz has given various predictions throughout 2018 which have been scrutinised, particularly as some of these have been less than accurate.

“Nevertheless, in a recent soundbite he suggests that it’s realistic to expect Bitcoin to reach US $20,000 next year.”

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Sonny Singh, the CCO of bitcoin payment service Bitpay, believes bitcoin can claw its way back to its 2017 peak prices of £ 15,815.30 ($20,000).

Mr Singh was quoted saying it is “reasonable” for bitcoin in 2019 to work its way back up the ladder.

On the pessimistic end of the spectrum, the founder of bitcoin cash Calvin Ayre, fears bitcoin will lose all value in 2019 and bottom out at £0 ($0)

Mr Thomas said: “This doesn’t reflect an overall bearish attitude towards crypto but more a belief that bitcoin has now been superseded by more scalable technology and solutions.”

Fundstrat chiefs Tom Lee and Sam Doctor, however, have claimed bitcoin can smash all expectations and smash at £28,468.08 ($36,000) in 2019.

According to Mr Thomas, the bitcoin forecast could be challenging for the Fundstrat duo, considering their past failed btc predictions.

To round off the list of bitcoin price forecasts, Mr Thomas took a more moderately motive approach and said, in his opinion, bitcoin can top the year between £ 6,323.36 and £ 7,904.20 ($8,000 and $10,000).

He said: “With the highs of December 2017 feeling like a lifetime ago, bitcoin has continually fallen during 2018.

Bitcoin 2019 forecast: BTC token

Bitcoin 2019 forecast: One crypto expert things bitcoin will hit rock bottom (Image: GETTY)

Bitcoin 2019 forecast: BTC token

Bitcoin 2019 forecast: Some predictions suggest bitcoin will return to $20,000 (Image: GETTY)

“If we look at previous trends it takes on average around 67 weeks for bitcoin to recover and proceed to new all-time highs.

“If you follow this logic, then bitcoin would be heading towards US $20,000 in the second quarter of 2019.

“However, this is highly optimistic and whilst such highs should be reached again in the future, this short timeframe isn’t realistic given the hesitancy that will exist from a bruised investor base after this year.

“With positive news, ETFs and regulation, we believe bitcoin will recover to the US $8000 to $10000 levels during 2019 which given where it is today would on balance be a decent year.”

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Independent Consultant Beginner – 6 Should Have Pieces Of It Technology And Software

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Prima Wireless Earbuds Reviewhttps://primawirelessearbuds.net/.

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What Make Sure You Really Know Right Anyone Decide To Travel

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When traveling with children advised plan your route in advance. Do a little research and see as relevant and fun places to stop such as parks, museums or other attractions. Once you take breaks every non-chemical hours so everyone maybe even including the children probably get out and stretch their legs.

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Majority of Canadian workers willing to take less pay for a workplace pension plan: survey

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A majority (70 per cent) of Canadians say they’re willing to forgo a higher salary in exchange for a workplace pension plan, according to a new survey for the Healthcare of Ontario Pension Plan by Abacus Data.

The survey, which polled more than 2,000 Canadian adults in April, signals an opportunity for employers to build back the post-coronavirus pandemic working landscape better by expanding access to good retirement plans — whether they’re defined benefit, defined contribution or group registered retirement savings plans, says Steven McCormick, senior vice-president of plan operations at the HOOPP.

According to the survey, a secure retirement remains of greater concern for Canadians than concerns about their health, debt load and job security. McCormick says this has been a consistent worry the HOOPP has seen in survey results over the past couple of years. Nearly half (48 per cent) of respondents said they’re very concerned about having enough money in retirement, while 31 per cent were highly concerned about their personal debt load and 26 per cent cited their job security. Close to half of respondents expressed high concerns for their physical (43 per cent) and mental (40 per cent) health.

In addition, the pandemic has harmed the finances of more than half (52 per cent) of Canadians’ surveyed and it’s had a particularly disproportionate affect on the finances of younger adults. Adults aged 44 and younger said they’re twice as likely (25 per cent) to have had their finances greatly harmed, compared to those over the age of 60 (12 per cent).

Generally, younger adults tend to work in roles that may have been impacted most by the pandemic, says McCormick, whether in service industries that were shut down or frontline health care that have been busy but don’t always come with access to a pension plan. “Affordability is an issue, so I think their worries increased during this time.”

And while almost half (46 per cent) of Canadians surveyed said they’ve saved more money than they would have since the onset of the pandemic, among these respondents, over half (52 per cent) didn’t put any of their savings toward their retirement. Overall, most (63 per cent) Canadians surveyed haven’t set aside or saved anything for retirement in the past year, a five-point increase since 2019.

McCormick says this may be due to uncertainty or hesitancy about whether people’s immediate needs outweigh longer-term needs. And with 55 per cent of respondents noting they were very concerned about the cost of day-to-day living, he adds that rising prices have fuelled insecurity and worries so people are creating their own emergency funds right now.

While there’s a segment of the population who’ve saved more and, for them, the pandemic has created wealth, he doesn’t see this as a common narrative in the survey data. “If you don’t have access to a workplace pension or the opportunity to have things like automatic enrolment, the uncertainty of the time may have you holding onto money,” says McCormick. “In Ontario, we’re more optimistic about the pandemic than we were maybe a month ago, but there are still people worrying about whether there’ll be a fourth wave.”

In addition, more than two-thirds (67 per cent) of respondents said a retirement crisis is looming and 65 per cent said saving for retirement is prohibitively expensive. It’s a common and shared dream for many people in looking forward to a secure retirement, says McCormick, noting for many, making that dream a reality remains elusive.

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