Bitcoin

$BTC Might Not Be Able to Hit $50K in 2018, Says David Gokhshtein

David Gokhshtein, an entrepreneur, influencer, crypto enthusiast and most importantly, a crypto bull recently told blockpublisher that the premium currency might not be able to make it to the $50,000 mark at the end of 2018 as most of the analysts predicted. Further clarifying that he didn’t mean it in a negative way.

At the end of the calendar year 2017, bitcoin hit its all time high valuation of almost $20,000, but with the series of the infamous ETF rejections, the premium currency was dragged down drastically to hit the lows of $6,000 which worried the investors about their digital assets. This is when a wave of analysts proved to bring a ray of light in the lives of the investors and enthusiasts when they predicted that the currency would hit $50,000 at the end of 2018. Arthur Hayes, a CNBC expert predicted that the currency would hit $50,000 at the end of the year.

The analyst and host Ran Neu Ner also showed his optimism relating to the topic in his tweet saying,

The ‘Wolf of Wall Street’ Jordan Belfort had similar opinions regarding the expected surge, although he also predicted the blackswan event which bitcoin is probably facing at the moment for the past month. He said,

What’s going to happen with Bitcoin is going to be a black swan event in the next six months, by the way just so you know, I’m not saying Bitcoin is going down, it might go to $50,000.

Recently, Bitcoin hasn’t done much justice with the predictions. The cryptocurrency is struggling barely to float above the $6,000 mark and most of the analysts have opted pessimism. Crypto enthusasts like Thomas power have linked the valuation of Bitcoin to the approval of the ETF,

We’re heading for $3,000 before ETF approval.

The market seems to be more in the favor of the bears of the market, as the plunging effect is being carried on. Not only is BTC being effected, but the overall coin market has also faced the consequences. But recently, David Gokhstein recently showed his optimism about the currency saying that BTC will see the golden days once again. He tweeted,


David has been pretty sure about the currency hitting $20,000 again. Upon inquiry by Blockpublisher relating to his take on the predictions made by the analysts above. He said in this regard,

Anything can happen, but it’s not going to hit $50,000. I’m thinking $25,000.

This may prove to be a positive sign for the investors and enthusiasts who have lost a lot of their assets previously, and for those willing to invest, now might be the perfect time!

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Shehryar Hasan

Performing artist, guitarist and sub-editor at BlockPublisher. Shehryar is an electrical engineer and blockchain enthusiast. He holds investments in bitcoin, ethereum, OST, TRX and Ripple. Email: shehryar@blockpublisher.com or contact the editor at editor.news@blockpublisher.com

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