Bitcoin doesn’t even need an introduction, almost everyone these days knows about Bitcoin. Hundreds of people have made thousands if not millions of dollars in profit by getting involved in Bitcoin. Those who stepped into the world of cryptocurrency early indeed made a fortune out of a very small investment.
However, the staggering money investors made by investing in Bitcoin has given birth to this illusion that by investing in Bitcoin one can become a millionaire overnight. It is essential to keep in mind that Bitcoin isn’t something which can make you rich overnight. The people who invested earlier also waited for years before they made a massive profit on it.
Price Prediction on Bitcoin
As reported by Theoofy Bitcoin might be heading back to $6,800 after the $25 billion surges. 2018 has been a very rough year for Bitcoin, and the trend was mostly towards the lower side. Although there are uncountable speculations about Bitcoin, John Pfeffer who is a partner at Pfeffer capital predicts that Bitcoin will grow over 75 times. He thinks that a Bitcoin will be valued at about $700,000 in the future.