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The price of bitcoin is going to get doubled at the end of 2018 in spite of the stagnation in its recent prices. This has been mentioned by several experts of cryptocurrency. In the past 6 months, the value of bitcoin has drastically reduced from over 19,000 dollars to less than 7,700 dollars.

The fall in the price of bitcoin has taken place because of the bitcoin seizure and uncertain regulations. As the market of cryptocurrency is going to settle, the short-term forecast has been predicted to become stagnant.

An expert of the blockchain, namely Mr. David Hanson, mentioned that bitcoin’s value is going to fluctuate between 6,500 dollars and 8,500 dollars in the upcoming days. Many great figures have stated again and again that the big institutions are going to give a boost to bitcoin and various other digital currencies. They are of the opinion that the price of bitcoin is going to be more than 10,000 dollars in the coming months.

During the initial months of 2017, the predictions made about the price of bitcoin were very positive, which actually came true as the value of bitcoin skyrocketed by the end of that year. Mr. Tim Darper, an investor, mentioned that the price of bitcoin is going to reach the height of 250,000 dollars by the end of 2022.

Also, Alistair Milne, a bitcoin evangelist believes that bitcoin’s value is going to be higher than 35,000 dollars and less than 60,000 dollars by the end of 2019. In January 2018, cryptocurrency experts reached a conclusion that bitcoin’s value is going to be higher than 33,000 dollars by the end of the year 2018. Another prediction has been made by the specialists this week and they came up with the revised figure of 14,638 dollars, which is less than the half of previously predicted figure.