As 2018’s bear market has continued its flow into 2019, crypto traders have tried their best to stay optimistic for the future. Most recently, Josh Rager, a well-followed crypto investor and an advisor at TokenBacon and Blackwave, claimed that 2019 could be the “last time general population can afford to buy an entire Bitcoin (BTC).”
Value Of Bitcoin (BTC) Could Eventually Be “Out Of Reach”
He added that after 2021, most purchases would only be able to fractions of BTC, rather than the whole coin. He explained that while global household incomes could increase in future thus making BTC affordable again, more likely than not, the cryptocurrency will be “out of reach for most.”
To back his semi-prediction, Rager posted a popular chart that showed Bitcoin bottomed in the coming months.
The Crypto Dog, one of Rager’s fellow analysts, supported this thought process. In a response to the tweet, he remarked that Bitcoin “ [still] holds the same economic properties” that allowed investors to push the asset to a parabolic state not once, twice, but upto four or five times.
Thus he concluded that another hype could occur once again, thus meaning that there’s more money to be made in the future. Crypto Dog added that the ever-presence of greed amongst people could also push BTC sky-high in its value, adding that there’s more than “one path to hyperbitcoinization.”
Some Crypto Commentators Try To Differ In Opinion
While many seem to agree with the theory that cryptocurrencies are expected to really move over their December 2017 highs… eventually, some have made their opinion with a bit more of optimistic skepticism.
Another user, who went by the moniker “thefurleyghost”, noted that while he respects their thought process, all Bitcoin has left a value proposition as “untested digital gold model.” Although some would differ that the digital gold model is really “untested,” as BTC has done great as a store of value from a long-term perspective.
The New York-based Alex Kruger, an industry researcher, noted that if there aren’t enough newcomers to the crypto industry, there might not be another jaw-dropping rally.
But which analysts were on the right side of this argument? Let us know in the comments section