Miners Plump Up Bitcoin Rate To $36,000 in 2019
May 14, 2018
Expert from analyst organization FGA is convinced, the first cryptocurrency’s rate will rise up to at least $36,000 by 2019 as a result of continuously growing capacities required for mining.
Analysts believe, Bitcoin mining costs are the most reliable aspect for sustainable rate in the long term as mining hardware is getting more efficient yet more power-consuming every month which all in all affects positively the crypto industry in general. In addition, experts from Fundstrat admit the rate increase to $64,000.
Note that the company’s co-founder Tom Lee has assured the public the Bitcoin rate to rise sharply to $25,000 in the second half of May after crypto conference Consensus 2018 is held.