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The Pulse of New York Tech

We Asked New Yorkers What the Price of Bitcoin Will Be at the End of 2019 and Here’s What They Had to Say

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2018 was a tumultuous year for bitcoin, starting the year at $13,950 coming off all-time highs close to $20K and ending the year at $3,896 down 72% for the year.  We chatted with a few Bitcoin experts to learn more about where they think Bitcoin will be at the end of 2019 and the reasons for the predictions.

NYC Tech Voices is a new way for the New York Tech Community to get quick and easy exposure to millions within the AlleyWatch Audience. Each week, we open up a question of the week via the NYC Tech Voices Site.  From the collected responses, we compile an article showcasing a selection of the answers that we receive.  To participate and learn more, please visit NYC Tech Voices.  The question of the week for this week, for funded entrepreneurs on conflicts of interest with startup lawyers and venture capital, is already posted and ready for you to answer.

Kyle Asman
BX3 Capital
I see the price of Bitcoin around the $10,000 mark by the end of 2019. I think we will see a significant amount of institutional adoption and see a lot of the infrastructure built that institutions need to enter the marketplace. But I don’t think we will see as many buyers on the retail side—and the hysteria that drove the price up in 2017.
Robert Eisenstein
CardboardandCoins.com
I have been trading Bitcoin and multiple Altcoins for the past 18 months, and I happen to believe that widespread adoption of Bitcoin will take longer than folks are predicting. It is being sugar-coated by many "experts" to bring more folks on-board, however, we are not there yet.
Let me take a step back and provide some reasons:
Many folks have began searching for Bitcoin over the past 6-12 months, per data I was looking at on Google Trends. The time between research and action depends on the risk averse red alert level of the individual, but there is always usually a lag between research and action with investments into risky investment vehicles, such as cryptocurrencies...it's human nature and our "fight or flight" mechanism at work.
Further, with all of the other niche cryptos that are gaining traction within their groups of supporters, i.e. Dogecoin (DOGE), this attention will continue to pull attention away from Bitcoin, or as I call Bitcoin, the "Mother Ship".
Finally, with the spike in overall interest in Ethereum (ETH), with it's smart contracts component, many folks are feeling safer with what is seen to many as a Bitcoin 2.0. Most people prefer a 2.0 to a 1.0. Again, human nature!
One step further, cryptos, such as Cardano (ADA), are now claiming to have expanded even further on Ethereum and Bitcoin (Cardano was started by some of the same folks that created Ethereum), so that is gaining traction as a Bitcoin 3.0, if you will.
This is all pulling away attention from Bitcoin, and will continue to do so in 2019, however, with some Institutional funding finally starting to crack through and trickle into Bitcoin, this is why I feel we should see $7,000 Bitcoin by year end, with the chance for fluctuations after the big annual Summits, as we have seen before.
Elizabeth White
The White Company
The price of Bitcoin at the end of 2019 will be $7000. Now that the speculative bubble has ended, normal market forces will drive cryptocurrency prices (the "return to mean" portion of the famous bubble chart). Bitcoin is still the most popular and largest cryptocurrency that maintains a strong use case for payments outside of the traditional banking system, and the deflationary pressure of less bitcoins mined will push prices upwards in a steady bull market. If they rise too fast, holders and speculators will come in to cash out, preventing another speculative bubble from forming. More blockchain based fintech companies will create new applications, and even though they will likely not use bitcoin directly, they will almost always implement a bridge to it, and this increased adoption of blocktech overall will continue driving demand for Bitcoin as well.
Wael Mahmoud
BelcoBTM
I believe that Bitcoin price will be $60,000 at the end of 2019.
First, the upcoming VanEck Bitcoin ETF and BAKTT exchanging platform and the billions of dollars of liquidity pouring into the industry will make the price spike. Secondly, the mining supply is drying out and the demand is increasing. Third, cryptocurrency is a safe investment against stock market and economic depression.

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