Fundstrat Global Advisors LLC calculated the bitcoin price to the end of 2019. These calculations are based on hash rate dynamics.
Analytical agency Fundstrat Global Advisors LLC published its report about dynamics in bitcoin mining industry. The experts of agency came to a conclusion that mining breakeven point is long-term and reliable level of support for the first cryptocurrency price. Thus, to the point of view of analytics, the pattern of growth of mining infrastructure allows to approximate the bitcoin price at the end of 2019. It will be $36 000. It is in 1,8 times more than probable breakeven point at that moment. The experts of Fundstrat agency are sure that the bitcoin price will be at the level of $36 000 fluctuations within the range from $20 000 to $64 000. The calculations of analytics are based on hash rate dynamics. The representatives of agency also added that the growth of electricity rates winds down, and mining equipment improves and upgrades efficiency. It has positive impact for the industry in total.