CEO of the popular financial markets website ADVFN, Clem Chambers claims that it is quite likely that bit-coin will climb to the 100,000 dollar mark in the near future. Clem justified his bullish bit-coin case by stating that the technology represented the future. Chamber’s opinion of bitcoin is a very lonely one since bit-coin has been struggling to cross over the 7000 dollar mark all year. Bitcoin’s current 6,500 trading price makes Clem’s 100,000 trading price seem quite farfetched and not in tune with the current market reality.
Clem went further to explain his bullish opinion by stating that it was also supported by the fact that crypto-currencies filled an economic vacuum and would, therefore, bring about an economic lift. Clem Chambers joins a whole host of influential personalities who have bravely gone ahead and made crypto price predictions. Wall Street authority Tom Lee made a bold 25,000 bit-coin price prediction months ago and still maintains the same position despite being wrong about a potential price boost after the 2018 consensus conference.
Bitmex co-founder, Arthur Hayes, also gave a bolder 50,000 bit-coin price prediction and has also bullishly stated that those highs would be reached before the end of the year. The predictions didn’t end there, with Circle’s director of legal and business affairs, Claire wells, stating that a bit-coin price rally is a sure thing. While most people continue to speculate about the near future and the distant future of the crypto market valuation, industry influencers continue to make bullish price predictions. A lot of people are filled with confidence by such predictions since they see these predictions as crystal balls for the future, while others remain averse and nervous. These predictions are clearly based on the, what goes down must come back up and vice versa mentality which holds water for some.