This year was not a good one for Bitcoin investors, but Bitcoin price predictions for 2019 show that investors could make up their 2018 losses and then some.
You see, bear markets don't last forever.
In fact, the rock-bottom target price on Bitcoin for 2019 is $7,000, according to Finder.com. That's a potential climb of a whopping 86.72% from Bitcoin's Nov. 27 price of $3,748.90.
Not bad.
But before we share this list of 2019 Bitcoin price predictions, we know a lot of readers have been asking why prices fell so hard in 2018.
Here's the answer.
Why Crypto Prices Plummeted in 2018
One of the reasons was the U.S. Securities and Exchange Commission's (SEC) rejection of Bitcoin exchange-traded funds (ETFs).
For Bitcoin specifically, crypto ETFs might have led to new investments in the market, says David Zeiler, Money Morning Cryptocurrency Expert. Investors, says Zeiler, could have found an ETF, which is liquid and could be sold on the exchanges conveniently.
But right now, the SEC isn't prepared for a Bitcoin ETF.
Stunning: New innovation will be like "adding twin turbos to the Bitcoin engine" - and could send its price to $100,000. Learn more...
That means there won't be a flood of retail investment money flowing into Bitcoin anytime soon.
In addition, unfortunately, several crypto exchanges were hacked in 2018. That makes people nervous about using and storing Bitcoin and other cryptocurrencies.
In the first half of 2018, $731 million in cryptocurrencies had been stolen from exchanges, according to CCN.
Zaif, a Japanese crypto, was hacked in September 2018.
The result?
The theft of $59 million.
And given the price erosion this year, investors are asking if they should buy Bitcoin in 2019...
Should I Buy Bitcoin?
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There are two reasons to buy Bitcoin right now.
The first is if you believe cryptocurrencies and tokens are the future, you can buy some and spread the adoption of crypto.
By owning and using Bitcoin, you can help make its widespread adoption a reality.
This is a list of vendors that accept BTC as payment, to get you started.
The second is to invest in the currency in the hopes of making a profit.
Right now, all investments in cryptocurrencies should be considered speculative.
You should never invest what you can't afford to lose.
If you just want to be an investor and speculate on the price of Bitcoin in 2019, you can open an account on Coinbase.
We also have a list of seven other cryptocurrency exchanges, as a service to Money Morning readers, to review right here.
And if you want to know if now's the right time to buy, let's jump right in and look where analysts see prices heading in the next year...
Here's Where BTC Prices Are Headed Next Year
As we mentioned earlier, all 10 crypto experts see the price of Bitcoin going up in 2019.
Craig Cobb of TraderCobb.com believes BTC will reach $7,000 by Dec. 31, 2019.
That was the lowest projection of the group.
| Analyst | 2019 BTC Price Prediction | Potential Return |
| Fred Schebesta | $8,100 | 116.06% |
| Alisa Gus | $8,900 | 137.40% |
| Genson Glier | $9,324 | 148.71% |
| Joseph Raczynski | $10,000 | 166.74% |
| Tiana Laurence | $12,000 | 220.09% |
| Joerg Molt | $20,000 | 433.48% |
| Aaron LePoidevin | $20,000 | 433.48% |
| Rabbi Ahmed | $22,000 | 486.83% |
No one would complain about netting a 100% or more return in 2019 from Bitcoin.
But this next Bitcoin price prediction is massive...
Nerijus Tilvikas is the COO of the cryptocurrency exchange Tokia.io. The exchange specializes in simplifying fiat-to-cryptocurrency conversions and vice versa.
And he believes that by Dec. 31, 2019, the price of BTC will climb to $50,000. That's a potential profit of 1,233.72%.
Of course, we uncovered an even bolder Bitcoin price prediction that you can't afford to miss...
The Crypto Party Is Far from Over
Bitcoin is expected to undergo a massive upgrade - and it could kick off a price surge all the way to $100,000.
Cryptocurrency expert Michael Robinson has put together a special report on a unique strategy that could help you pocket one windfall after another not just on Bitcoin, but on all the cryptos he's following now.
To get step-by-step instructions on how you could become the next crypto millionaire, click here now...