BTC can give a potential return of 2,392% by 2022, at $78,500 a coin

20 Jun, 2019 | Updated: 21 Jun, 2019
by Joeri Cant
Bitcoin
BTC can give a potential return of 2,392% by 2022, at $78,500 a coin

Crypto analyst and trader, Josh Rager, took to Twitter to answer the question why he trades the world's most popular cryptocurrency. Let's take a look at his answer.

While the crypto analyst was asked why he trades Bitcoin, BTC has seen a slight increase again in the last 24 hours.

After falling from the heights that Bitcoin saw on Monday, BTC is showing a slight gain of 1.58% on the day. For the past 24 hours, BTC traded at a low of just over $9030, and is now trading just above the $9,300 price mark.

The world's number one crypto coin apparently looks to be testing the important $9400-$9500 resistance again any time now.

When trader Josh Rager was asked by his Twitter followers why he trades in Bitcoin, his answer was short and straightforward.

'Because in the past 10 years there hasn't been any other market that comes close', he tweeted.

Rager further points out the 'return on investment' for each of the Bitcoin cycles as a good reason why he trades in BTC.

The crypto analyst suggests that BTC might see a potential return of around 2,392%, which would put BTC's price at a more than decent price point of $78,500 per Bitcoin by the year 2022.

Do you think it is possible for Bitcoin to reach $78,500 per coin by 2022? Let us know in the poll below.

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Read more about: Bitcoin (BTC)

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