Analyst Tuur Demeester Says That Bitcoin Price Could Rise Over $50K

By
Tokeneo
-
2 min reading

Investor and analyst Tuur Demeester says that after halving, the price of bitcoin will not fall below $6,000 and may rise to $5,0000 in the future.

bitcoin dollar

In a video posted on Messari's YouTube channel on May 18, Demeester said that the most popular cryptocurrency after halving is "back in a bull market", and the bottom line is already behind us and it was in March when the price of bitcoin was $3000-4000

Later in the movie, the investor speculated on how the Federal Reserve could affect the price of Bitcoin. According to him, the low buying power of the USD may decrease the price of bitcoin. 


"I think a price target of like $50,000 is not insane at all... I would even say between $50,000-$100,000." said Demeester.

What will increase bitcoin prices?

“It’s institutions that are interested,” said Demeester, describing the rush to buy BTC as a “land grab phase” among companies seeking investments sperated from traditional form.


After the interview, Demeester posted on his Twitter account that if whales and institutional businesses are able to gather enough bitcoin, another "rally" of bitcoin prices will start.

Other member of the crypto community, BitMEX CEO Arthur Hayes forecasts the future of bitcoin quite differently. He believes that the price of BTC may fall back to $3,000, but he still forecasts that Bitcoin will reach $20,000 by the end of 2020.

Currency Exchange rate Buy cryptocurrency

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Tokeneo TEO OU. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the tokeneo.com/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is TOKENEO TEO OÜ (an Estonian law limited liability company) with its registered offices in Tallinn (in the province of Harju Maakond), at 19-7K Maakri Street (in the district of Kesklinna Iinnaosa), 10-145 Tallinn, Estonia, registered on 21.12.2018 in the Estonian Business Register under number 14630242, using the EU VAT number: EE102149487.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.