Experts remain wildly bullish on Bitcoin, all-time high by year end?

16 Jul, 2019 | Updated: 16 Jul, 2019
by Joeri Cant
Bitcoin
Experts remain wildly bullish on Bitcoin, all-time high by year end?

Despite the fact that Bitcoin has been slapped around during the last few days, experts continue to remain wildly bullish on the world's most popular cryptocurrency.

The Bitcoin price reversed its downhill course and is trying to retest the $11,000 price level yet again, in an attempt to make up for the weekend’s painful 17% drop.

Despite this recent price drop and hostile US views towards the world's most popular cryptocurrency, experts have not yet abandoned their bullish sentiments.

On the contrary, it turns out that the current 'negative' events seem to have served to reinforce and even strengthen these bullish feelings towards Bitcoin.

One such crypto enthusiast is Morgan Creek’s Jason Williams, who points out that once the search term Bitcoin hits its fever pitch, we will know when the time has come where Bitcoin will 'moon'.

He further hints that thanks to Trump's attack on Bitcoin, the price might boost all the way to $40,000 by years end, which is well above its all-time high of around $20,000.

Fundstrat’s Tom Lee, responded to the tweet by suggesting that it is healthy to have seen a pullback for Bitcoin, and that it is positive to see that the search traffic for Bitcoin remains low, which indicates that 'the rise in Bitcoin has not been accompanied by massive hype'.

The Fundstrat Global co-founder and crypto analyst recently said that he is more than convinced that the world's number one cryptocurrency is about to reach new all-time highs.

The Bitcoin 'Supra Deluxe' bull told the hosts of CNBC's Powerlunch in no uncertain words, that the number one crypto coin is about to reach unseen highs.

'I think all-time highs are imminent', Lee said.

In the beginning of July, the eternal bullish crypto expert as well stated that he thinks that if Bitcoin can find support at $10,000, it’s very likely we’ll see it rise to $40,000 by the end of 2019.

The well-known financial analyst, and Ikigai Fund’s CIO, Travis Kling, echoes similar bullish sentiments towards Bitcoin, while he considers the fact that the Fed and the Treasury Department recognize Bitcoin as a store of value, as a very positive sign for Bitcoin.

Kling also sees it as wildly bullish that these institutions, together with Trump, recognize the importance of Bitcoin and its differences with Facebook's Libra.

'Both of them, along with the President, agree that Libra and Bitcoin are two very different things', he tweets.

Are you still bullish on the future of Bitcoin? Let us know in the poll below.

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Read more about: Bitcoin (BTC) Tom Lee

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