Cryptanalyst predicts bitcoin to grow by 300% by the end of the year

According to Lark Davis, the capitalization of the main cryptocurrency may exceed $5 trillion in four months

Cryptoanalyst Lark Davis believes that by the end of this year bitcoin will rise in price by 300% and updаte the historical maximum. The last time the price of the digital coin updated the historic high in mid-April at $64.8 thousand. After that, quotations have moved to the decline and in May the cryptocurrency reached $30 thousand for the first time since January. In June, the bitcoin rate dropped to $28,800. Since July 20, the cryptocurrency has risen 70%.

“At the end of the year, we’re going to see some real fireworks in the cryptocurrency market. We’re not going to get 700% growth in bitcoin, but we might get another 100%, 200% or even 300% growth”, Davis noted.

The analyst estimates that in case of 300% growth, the capitalization of the main cryptocurrency will reach $5 trillion.

Yesterday, on August 23, bitcoin value exceeded $50,000 for the first time since the middle of May. At that moment the rate of cryptocurrency reached $50.5 thousand. cryptocurrency capitalization increased to $2.2 trillion. At 18:15 MSK, August 24, the digital coin was trading at $48.5 thousand.

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