Bitcoin has grown by 250% within past seven months and, according to experts, the growth is likely to continue but the price will hardly go above $20K in any foreseeable future.
In October, Binance exchange registered bitcoin top rate at $13,217. Nikolay Klenov, finance analyst of Raison Asset Management investment company, believes bitcoin now finds itself in a positive environment as many countries face risks of high inflation.
It’s hard to give a high-precision forecast though regarding the near-future bitcoin value, which, for instance, may react to the fluctuations at the stock markets which can well go down at any moment due to the US presidential election. Hence bitcoin will hardly hit the $20K mark before the year end.
Maxim Krupyshev, Coinspaid СЕО, believes it is not imaginable to see bitcoin at $20K by next January. In his view, $15K is the absolute maximum to be expected.
At some point, bitcoin may indeed grow tenfold and reach $100K, but that is unlikely before 2025.