2019 has not started with a not-so-bad note but as of today, Bitcoin price soared to a 4-month high above 4900 USD and its time for the cryptizens to celebrate. Wences Casares, the CEO of Xapo and a board member of Payal has been an ardent supporter of Bitcoin and has recently said that Bitcoin value might surge by atleast 250X in the near future. It looks like the bull run has already started and this time it's not going to stop. The altcoins are also following the master and the greens have substantially dominated the reds. The crypto enthusiasts are on the edge of their seat speculating whether BTC will reach $25,000 or $50,000. Even Tim Draper, a famous Bitcoin enthusiast and billionaire stated that in 2 years, Bitcoin would be everywhere and fiat currencies would become archaic. He even said by 2021, everyone would buy their coffee by making their payments in Bitcoins. Another big name got attached to the Bitcoin frenzy when Elon Musk, the founder of Tesla and SpaceX called Bitcoin "brilliant" in public and even said BTC is better than paper money as it can transfer value.

Even NASDAQ, the second largest stock exchange in the world has also vowed to launch Bitcoin futures in the first half of 2019. It is going to start on a good note as the digital assets platform, Bakkt is going to get introduced in the later part of the year. Bakkt has already raised $182.5 million and is supported by 12 partners including Pantera Capital, Boston Consulting Group, Galaxy Digital and many more. The owners of Galaxy Digital, the Winklevoss brothers recently stated in the Aske Me Anything(AMA) session that Bitcoin is the most likely winner in the long term. Very recently, some analysts from JP Morgan has predicted that Bitcoin might fall as low as $1,260 and banking or financial institutions might not benefit from blockchain for 3 to 5 years as the true value of cryptos is not proved according to them. Even South Korean R&D firm and Bitfury group have announced that it would launch Bitcoin mining centers in Paraguay, which is a part of Common Foundation's project also known as Grey Goose. Contributor :coin swich