Is Bitcoin Ready for Another Surge?

Is Bitcoin Ready for Another Surge?

Is Bitcoin Ready for Another Surge?

If you’re lucky enough to own a stake in the cryptocurrency Bitcoin, then you’re already aware of it’s extreme volatility. The ultra popular digital currency has experienced massive jumps and slides during the last year, which have seen it reach as high as $19,783 back in December, only to see it tumble all the way back down to less than $10,000 a few weeks later. At the time of this writing it stood at $9,739, essentially $10,000 less than it’s high mark.  Of course, it could be much or lower at this very moment, depending on when you read this story. That’s the nature of Bitcoin.Despite the rough and tumble ride, however, most Bitcoin owners are staying the course and holding on tightly to the most popular cryptocurrency in the market.

So what does the future hold for Bitcoin?

That depends on whom you ask, but according to one prominent analyst, the digital currency is set to see another huge surge by the time summer arrives.

Tom Lee, managing partner and head of research at Fundstrat Global Advisors, sees big gains for Bitcoin, including record highs ($20,000) by July of this year.  Lee also believes the cryptocurrency will hit $25,000 by the end of the year. And when it comes to the long-term forecast, Lee sees Bitcion reaching as much as $125,000 by 2022. That’s based on his model for valuing the most popular cryptocurrency.

We hope you found this article about “Is Bitcoin Ready for Another Surge?” helpful.  If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page  or our website at www.GROCO.com.  Unfortunately, we no longer give advice to other tax professionals gratis.

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Alan Olsen, CPA

Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com.  GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.

Alan L. Olsen, CPA, Wikipedia Bio

 

 

GROCO.com is a proud sponsor of The American Dreams Show.

 

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The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.

Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.

They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:

Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…

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MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness.  It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.

Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

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