Bitcoin price to hit $100,000 in next 12 months – Invstr CEO Kerim Derhalli in The Express

by | 2 Jan, 2018

In the midst of a dip in the price over December and January, some are forecasting yet more huge rises in the value of this mysterious asset

The Invstr CEO Kerim Derhalli has been featured in British tabloid The Express, where he discussed Bitcoin and its future prospects as an asset class. The following copy is lifted from that article.

After a remarkable year for so-called cryptocurrencies, and countless warnings the bubble was about to burst, the market seemingly remains robust.

Newer cryptos like Etherium, Litecoin and XRP/Ripple are threatening bitcoin’s previous dominance but mountains of cash continue to be invested in the entire sector.

In 2017 bitcoin has seen a 400 per cent increase, breaching the $20,000 mark – however, in the days before Christmas the currency saw a dramatic ‘correction’ and was trading at below $14,000.

However, the Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange (CME) both launched its bitcoin futures contract in December.

Some financial power brokers have decided enough is enough.

Jamie Dimon, CEO of JP Morgan Chase even labelled it a “fraud” however his words have largely gone unheeded.

Less charitable bitcoin enthusiasts even believe critics are simply jealous as they are not involved in bitcoin and so are negative towards the cryptocurrency.

Kerim Derhalli, CEO of investment app Invstr, holds this opinion.

He said: “bitcoin is the next logical stage of the information revolution. This time a year ago it was worth under a $1,000. I predict next year it could hit the $50,000 to $100,000 mark.”

Others also believe  could reach similar levels next year as Olga Feldmeier, CEO of Smart Valor said: “it can easily go to $100,000 by the end of the next year and possibly even beyond.”

There is no doubt that bitcoin has scared the financial establishment.

Mr Derhalli added: “bitcoin is something that has gone against the established government system and seems to be winning.”

Eric Benz, managing partner of CryptoFriends, a group of crypto professionals said: “We have seen an incredible growth in all things blockchain and Crypto for the past five years now. The crypto revolution is seriously hitting its stride and there is simply no predicting just how big this emerging industry and ecosystem will be.

“We have seen bitcoin outperform every other asset over the previous 5 years and this will continue to be the case in years to come. 2017 has been bitcoin’s coming out party, prepping it to become a major player in financial markets globally.

“The economic model is simple with bitcoin and with more adoption comes further demand and therefor an increase in price.”

Bitcoin seems to have attracted a lot of allies and friends to the digital currency. The price of bitcoin next year is heavily anticipated but so is the next natural step.

For the full piece in The Express, click here.

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ALL RIGHTS RESERVED © INVSTR LTD. 2017

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

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ALL RIGHTS RESERVED © INVSTR LTD. 2017

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

 

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