Cryptocurrencies
The Bitcoin to the Moon Refrain Grows Louder
- Fundstrat’s Sam Doctor forecasts $36,000 by the end of 2019
- Crypto research firm predicted rally during conferences
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Fundstrat Global Advisors, the research firm known for its bullish Bitcoin bets, is at it again with the second forecast in a week leading up to one of the world’s biggest cryptocurrency conferences.
One Bitcoin could be worth around $36,000 by the end of 2019, Fundstrat’s Sam Doctor wrote in a report for clients Thursday, noting that the value of the top digital token could range from $20,000 to $64,000. It traded around $9,300 on Thursday. The researcher’s call was based in part on the notion that improving cryptocurrency mining economics support price appreciation.