An early investor predicts that Bitcoin will again reach $20,000 by year-end

An early Bitcoin investor Ran Neu-Ner predicted that Bitcoin will drop little lower, but it will grow again to $20,000 this year.

Neu-Ner told:

“We’ve seen it dropped more than 50% at a time. It’s quite a resilient currency/commodity/asset that just keeps going up afterward.”

On Thursday, bitcoin dropped below $9,000 according to Coin Delite’s Price Chart, the leading U.S. marketplace for trading major cryptocurrencies.

Neu-Ner, who bought his first bitcoin in 2013, told the retail investor that he was able to buy bitcoin for about a year.

However, it’s been difficult to trade bitcoin, and the small number of buyers and sellers has begun to see the volatility in the market, he said.

He included:

“I think 2018 is the year where the mechanisms will allow retail consumers to get into cryptocurrencies and start to open themselves. The price will become more stable.”

According to our Prediction, we believe Bitcoin will drop as low as $5000 but in few days it will gain its momentum back in the market, So sit tight and once it drops down to $5000 it will be the best time to buy bitcoin and enjoy the fruit.