Next bull run will take Bitcoin's price to $150,000 and Ether's to $9,000, an analyst predicts

  • Juni 2020 at 17:11

Simon Dedic, co-founder of cryptomoney market analysis company Blockfyre, believes the next Bitcoin Profit run (BTC) will raise the price to $150,000.

However, Dedic stressed that unlike what happened in 2017, this increase will not affect the entire crypt coin market. On the contrary, in his opinion, the value of only the strongest altcoins will increase.

The cryptomania of 2017

In December 2017, Bitcoin’s dizzying rise to an all-time high of around $20,000 triggered a veritable media frenzy towards any cryptomone-related initiative.

This, combined with the rise of Initial Currency Offers and FOMO (Fear of Loss), meant that virtually any project was financed in the hope that its price would rise significantly, similar to Bitcoin.

The most promising projects will achieve the success they deserve
According to Dedic, in recent years the market has fortunately become much more moderate, and a possible increase in Bitcoin „will only raise the few really important altcoins“.

He also published forecasts: in his opinion, Bitcoin will get a 1,400% increase over the current price of $9,750, reaching $150,000.

The price of Ether (ETH) will increase by 3.570%, from the current $245 to $9,000. Binance Coin (BNB) will instead grow by 2.750%, to over $500.

But in his opinion, VeChain (VET) will be the real winner of the next bullish race: he predicts that its value will reach $1, an increase of 14.100% compared to the current $0.007.

VeChain recently partnered with a fresh meat supplier in China to improve the traceability of supply chains. Even Walmart’s Chinese branch uses VeChain to track its products.