In Brief A bitcoin trader with a reputation for accurate predictions now claims the cryptocurrency will be worth $15,000 before the end of 2017. Masterluc expects the value to continue to increase until 2019, at which point it will top out somewhere between $40,000 and $110,000. <\/p>\n
Late last week, the price of bitcoin rose beyond $3,500, and it currently sits slightly above$4,200. While some are skeptical of this steady increase in value, according to an expert observer,itwont be endingany time soon. <\/p>\n
Veteran trader masterluc predicts that bitcoin will be worth $15,000 before the end of the year. He believe the cryptocurrencys current bull run will then continue into 2019, at which point its price will top out somewhere between $40,000 and $110,000. <\/p>\n
Masterluc has historically been adept at predicting bitcoins future value. He was able to accurately predict in March 2013 that the crypto would enter into a bear market in November 2013, and then in May 2015, he made a prediction that proved to be just slightly off point,missing the start of the cryptos current surge by just two months. <\/p>\n
Masterluc isnt the only pundit expectingbitcoin to go from strength to strength. Earlier this month, Goldman Sachs analyst Sheba Jafari predicted that the currency could reach $4,800, having previously forecast a highof $3,691 as recently as July. <\/p>\n
Bitcoin is on a roll at the moment, and predicting when this run will start to drop off is no easy task. Masterluc has a history of being right in his predictions, and many experts agree that the uptick will continue for at least a little while longer, which could have some major ramifications for traditional currency. <\/p>\n
Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in a number of cryptocurrency markets. Their personal investment perspectives have no impact on editorial content. <\/p>\n
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\nGet Ready. Renowned Bitcoin Trader Says the Currency Will Hit $15000 in 2017. - Futurism<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"