Bitcoin Value Expected To Rise Again

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Bitcoin Value Expected To Rise Again

Dallas Dykes, Staff

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Investor Tom Lee has predicted that the value of the Bitcoin, one of the largest cryptocurrency  could “easily double” or even triple in 2018. In the past, he predicted bitcoin’s raise in value above $10,000 and declared that the digital currency would outperform stocks by the end of last year. This proved true with it’s value rising up to $19,800 in December with its performance highly outpacing stocks. In the later half of December it’s value dropped by 25% making it trail behind both stocks and gold/oil. Tom responded reassuringly believing that Bitcoin would be soon to reclaim its original December high. Despite the previous months decline, bitcoin has come up by 15% in the first few days of 2018 marking an extremely quick recovery.