Youtube star Nicholar Merten dares to forecast the Bitcoin price. According to his statement, he suspects the value of a Bitcoin at around $ 50,000. But what are his assumptions based on?

Bitcoin revolution reaches the 50,000 dollar mark in 2018

Nicholas Merten, whose Youtube channel has almost 300,000 supporters, is an entrepreneur and investor in crypto space with far-reaching influence. His forecast, which allows Bitcoin to rise to more than double by the end of the year 2017, relies on some large financial problems of the traditional market. In a tweet he names four factors that will drive the price of Bitcoin to unprecedented heights. He bases his pronoun on the following points:

My predictions for 2018:#Bitcoin will be $50K by the EOY. Why? Interest rates will continue to to

– Interest rates will continue to rise
– Deutsche Bank will go under by the 2018
– Equities and housing prices will take a massive hit
– With trillions of $’s that need to exit, the SEC will create a Bitcoin ETF

Contradiction from the own follower series

Some of his followers have questioned his reasoning. It was pointed out that interest rates do not correlate with crypto prices and that Deutsche Bank is restructuring, but a bank of this size will not go under until the end of the year. Nicholas Merten suspects a crypto market capitalization of a trillion dollars by the end of the year.

Furthermore, he thinks that stocks and real estate prices will experience a massive slump. It is interesting, however, that he does not base his assumptions on direct scenarios in connection with Bitcoin & Co., but blames the impending economic crisis for the price increase. Many suspect an impending financial crisis, but whether this will already occur in 2018 remains questionable and is pure speculation.

Lately, Bitcoin price forecasts and most with a bullish signal are increasing. If you compare this with the current market situation, you can only dream of these numbers. Today’s technical analysis has interpreted short-term bearish signals so that selling pressure will continue for now. But as the past has shown, the market can turn completely within a few days.