Advisory Request Details

Topic/Question: Will Bitcoin Rise or Fall?
Industry: Accounting, Technology, Banking
Tags: Cloud, Blockchain, Bitcoin, Currency, Hedge Fund, Cryptocurrency
Due Date: 11 Jan
Questions: As an investor, I am seeking to gain your views on what you believe would be the range of trading value for a Bitcoin

How High Do you think it will go?
What are the risks to this currency?

Thanks.

Write your response:


Add Answer
oais 09 Dec, 17:55
I believe that Bitcoin will rise to about $30k within the short to medium term.
11 Dec, 09:25
Bitcoin will rise until about 25k when some of the investors will get cold feet before the bubble burst and sell to claim their millions made. After this, Bitcoin will fall quite a lot, but will climb back up slowly, but surely with slightly less volatility.
Kevin Groves 11 Dec, 09:27
Bitcoin will rise until about 25k when some of the investors will get cold feet before the bubble burst and sell to claim their millions made. After this, Bitcoin will fall quite a lot, but will climb back up slowly, but surely with slightly less volatility.
Rishi Nair 10 Apr, 03:59
Because bitcoin is not backed by any asset and is a purely speculative tool, its rise or fall also purely depends on how investors perceive its future. The volatility is justified, considering the basic characteristic of bitcoin.

While any number quoted here will be purely a hunch, I believe the underlying technology has a lot to offer and seems promising at the least.