Finance Expert Predicts Bitcoin’s Value Could Soar as High as $4000 – Futurism

In Brief Bitcoin's stunning year continues as Goldman Sachs head of technical strategy Sheba Jafari predicts a fifth wave for the cryptocurrency. After a temporary drop, Bitcoin could hit a record-high value of almost $4,000 per coin, according to Jarari.

Were barely past the halfway mark, and already Bitcoin is having a big year. The value of the cryptocurrency soared past $1,000 in January and then again in February. By March, its value surpassed that of gold, and on May 10, it hit what was then a record-high value of more than $1,700 per coin. In June, Bitcoin set a new record, closing above$3,000 beforefinishing the month at close to $2,500.

In all, Bitcoins first-half gain was approximately 168 percent this year, which has led various commentators,including Mark Cuban and Charles Schwab chief global investment strategist Jeffrey Kleintop, to suggest that the cryptocurrencyis in a bubble.

The latest expert to weigh in on the future of Bitcoin is Goldman Sachs head of technical strategy Sheba Jafari, who sent a note to clientson Sunday, July 2, advising that while the value of Bitcoin may drop, it is ultimately likely to go even higher.

According to Jafaris note, which waspublished by Zero Hedge, Bitcoin is still in the midst of a corrective 4th wave during which the value may fallas low as $1,857 a drop of around 25 percent.According to Jafari, Bitcoin investors shouldnt worry about this drop very much, though, because the currency couldhit a record value during its fifth wave, perhaps as high as $3,915.

Whether the value of Bitcoin does soar toward the $4,000 mark or not, 2017 will still go down as a historic year for digital currency.

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Finance Expert Predicts Bitcoin's Value Could Soar as High as $4000 - Futurism