Fundstrat analysts have calculated the cost of Bitcoin at the end of 2019 through hash rate dynamics
Specialists of the analytical agency Fundstrat Global Advisors presented a brief overview of the trend in the Bitcoin mining industry and based on it they made a forecast of the Bitcoin exchange rate for 2019, which was published by the co-founder of the organization Tom Lee on his official Twitter page. According to their findings, the mining break-even point will represent a long-term and reliable level of support for the value of Bitcoin.
If we take into account the growth trajectory of the infrastructure for mining, then the forecast of the approximate cost (rate) of the first cryptocurrency at the end of 2019 should be $ 36,000, which is 1.8 times higher than the likely break-even point during this period.
Fundstrat analysts are confident that the Bitcoin price forecast (rate) will remain at $ 36,000 after a series of sharp price changes from $ 20,000 to $ 64,000 in 2019. Such indicators were obtained thanks to the hash rate dynamics.
The agency also noted that the increase in electricity prices will slow down over time, while with each new miner the efficiency indicator improves, and this has a positive effect on the cryptocurrency industry.
We will remind, earlier the cryptocurrency analyst and one of the founders of Fundstrat Global Advisors Tom Lee said that at the end of 2018 the value of Bitcoin will exceed $ 25,000 and will only grow in the long term.
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