Experts Fundstrat calculated the price of bitcoin by the end of 2019

As a basis for the calculation, the dynamics of the hashrate appeared. 11.May.18 5:44 AM By Abigail Richards Photo Toinnov.com    445

Fundstrat specialists calculated the cost of bitcoin by the end of 2019. So, as forklog.com writes, experts of the analytical agency Fundstrat Global Advisors LLC published a report on the dynamics of the bitcoin mining industry. And, as it turned out, the experts concluded that the break-even point of mining is a long-term and reliable level of support for the price of the first cryptocurrency. So, experts say that the growth trajectory of the mining infrastructure allows approximately to determine the price of the most popular cryptocurrency at the end of 2019. In particular, we are talking about the fact that at that time bitcoin will cost 36 thousand dollars, which is 1.8 times more likely breakeven point at that time. At the same time, it was said that the price of this cryptocurrency would be fixed around 36 thousand dollars after fluctuations in the range from 20 to 64 thousand dollars. In turn, it is worth noting that the calculations of analysts are based on the dynamics of hashrate. At the same time, it was said that the growth of tariffs for electricity has already begun to slow down, along with improving the efficiency of mining equipment. And, this is all, according to experts, favorably affects the industry as a whole.

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