Bitcoin to hit $500K? Usually, I don't pay attention to such Bitcoin news. Why? Because usually, it's pure speculation. But this time, it was in Yahoo Finance so maybe it's a bit more solid.
“This year is probably going to end at this $22,000 to $25,000 range [for bitcoin] and next year $30,000 to $35,000 and then we will break out to these new high levels that you are talking about,” Alexi Maskinsky, CEO, Celsius Network to Yahoo Finance Live.
Celsius Network is a crypto loan company so maybe there is some conflict of interest. But with Paypal and MassMutual now dealing in crypto perhaps Mashinsky is not that off. Does that make Bitcoin a good investment though? Perhaps for those that have some $20K lying around to buy themselves a Bitcoin. (1B = $22.7K on Dec 18th)