Strategist: Bitcoin May Exceed $25,000 in the Long Term

5% of the Gold Market Increases Bitcoin to $25,000

Another added among the financial experts who think that the value of Bitcoin will reach very high amounts. Strategist Tommy Lee thinks that the price of 1 Bitcoin is extremely likely to reach $25,000. He said that it is necessary to take advantage of its power.

According to Lee, even if 5 percent of the market value of gold is transferred to Bitcoin, the value of 1 Bitcoin is $25,000, which is a moderate estimate.

5 percent is also a modest estimate

To presenter Sarah Silverstein, “5 percent is actually a very modest estimate because we assume that gold basically increases nominal GDP.. That means no inflation.” The strategist said that higher figures could be achieved “comfortably.

“Today, investors allocate more than 5% to alternative investment instruments.. Generally, 10-15% of portfolios are allocated to alternative investment instruments.. This shows that if Bitcoin is adopted more as an alternative investment tool, we may see figures such as $100,000 or even $200,000, not $25,000.”

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Lee makes a relatively conservative prediction that the value of Bitcoin will hover around $6,000 by mid-2018, summing it up:. Gold experienced fluctuations just like Bitcoin during those four years.”

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