Fundstrat predicts Bitcoin price to be in $20,000 to $64,000 range by 2019

posted 11 days ago
"We believe the current path of hash power growth supports a BTC price of about $36,000 by 2019 year end, with a $20,000-$64,000 range," Sam Doctor, head of data science research at Fundstrat, said in a report. Hash power refers to the processing power computers need to generate bitcoins.

The economics of bitcoin mining also likely create a support level for the cryptocurrency, Doctor said.
Tags: bitcoin, opinion