The co-founder of Civic.com, Vinny Lingham, stated that although Bitcoin (BTC) won’t reach 28,000 USD in 2019, it still has the potential to get to 20,000 USD by the end of the year. Lingham even bet in charity that her predictions will be true.
Although there is only a few days left until the end of this year (as well as this decade), the founder and director of Standpoint Research, a US-based research company, Vinny Lingham and Ronnie Moas. The prediction was made by the two crypto enthusiasts in 2018 during the last day of the World Crypto Con. Travis Wright and Joel Comm from the podcast Bad Crypto had organized this event.
When the prediction is happening, Vinny stated that the people who’s predictions turn out to be false, will have to donate 20,000 USD to a charity that offers legal help to Ross Ulbrich, FreeRoss.org. Ulbrich was sent to jail for the creation of an anonymous market named Silk Road. He was convicted in February 2015 with charges of money laundering, hacking and was sentenced to two life imprisonments.
At the time, Vinny stated that Bitcoin could possibly reach 28,000 USD on “crypto exchanges with a good reputation.” Yet, Moas had a different idea, she believes that Bitcoin will hit 100,000 USD in only 5 years. She also stated that the rise will increase in speed after the Bitcoin halving that’s going to take place next year. Although some people were skeptical of Ronnie’s predictions, she defended her stance by saying that years ago everyone said that Amazon is overvalued and the current value of the company in 800 billion USD. However, she also said that Bitcoin and Amazon aren’t exactly comparable.
As the next Bitcoin halving approaches, the prices are expected to rise. To learn more about Bitcoin and its price, take a look at Bitcoin Price updates and Bitcoin (BTC) Price Predictions. Stay on top of your investments.