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Why the Bitcoin Price Will Go Up to $5,000 By the End of 2017

June 26, 2017


Nina Lyons from coinidol.com asks me and 6 other crypto currency entrepreneurs why the price will hit $5,000 this year

 

 

 

Mark Dukas, Bitcoin and Blockchain Consultant, and cryptocurrency trader at BitcoinSmartMoney.com, points out that as an avid investor and trader of Bitcoin he sees a many driving forces behind the parabolic price rise. However, “when skeptics call something a bubble at $2,000, $2,500 and now $3,000 it doesn't mean anything. When these skeptics start to fall silent that will be when I start to worry about the recent price increase.” 

 

He continued: 

“The next 7 months look bright for Bitcoin with continued organic growth as well the speculation frenzy of Bitcoin and altcoins. When these altcoins serve no purpose than speculation that money moves back into Bitcoin and the price increases. This occurred on Monday June 5th and into early hours of June 6th. Altcoins went down and we saw a $250+ increase in the price of Bitcoin over the course of 12 hours.” 

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