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RE: Forbes Writer Predicts $35,000 Bitcoin by the End of 2018

in #bitcoin6 years ago

I wouldn’t be surprised if it went much much higher. It can go up very fast and it doesn’t take as much money as people think to push the price up

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Yep, that is the thing people don't understand. It doesn't take much capital inflow in the market to produce significant rises across the board. That is why I am extremely bullish as institutional money is in the hundreds of billions, one can only imagine the multiplier effect that will have on the market.

Yes and for some reason people have a hard time understanding but there’s only a small fraction of the total supply for sale on exchanges!

Very good point actually.

In time it will likely happen, we are early on ;)