Bitcoin May Reach $4000 Says Specialist at Goldman Sachs

Regulation in Asian countries and high demand are among the reasons for the growth of the currency in recent months

Despite constant fluctuations, Bitcoin has proven to be a good option for those who have decided to invest in it. That's because, according to Goldman Sachs analyst Sheba Jafari, the value of the digital currency could rise 52%, reaching about $ 4,000 in the near future. This Wednesday (5), a bitcoin was worth US $ 2,637.

Jafari believes that the market has entered its fourth wave of highs and that these periods tend to be "confusing and complex". In an interview with CNBC, she says the bitcoin will experience more volatility as it moves to a fifth wave. "There is potential to rise to as high as $ 3,915. But it may take some time to get there, "he explains.

On June 11, Bitcoin set a record $ 3,025 per share for a week later to fall to $ 2,185. In order to have a comparison, in 2011, the currency was traded for the amount of R $ 5.06 by MercadoBitcoin, a site for the intermediation of purchases and sales of digital currencies.

Among the main reasons for this significant growth in recent times is the strong demand for Bitcoin in Japan. This is because the Asian country has regulated the digital currency as a legal means of payment.
Further regulation of digital currency by the Chinese government is also pointed out as a positive factor that may have contributed to this Bitcoin increase in recent months.

Despite constant fluctuations, Bitcoin has proven to be a good option for those who have decided to invest in it. That's because according to Goldman Sachs analyst Sheba Jafari, the value of the digital currency could rise 52% to reach around $ 4,000 in the near future. This Wednesday (5), a bitcoin was worth US $ 2,637. Jafari believes that the market has entered its fourth wave of highs and that these periods tend to be "confusing and complex".

In an interview with CNBC, she says the bitcoin will experience more volatility as it moves to a fifth wave. "There is potential to rise to as high as $ 3,915. But it may take some time to get there, "he explains. On June 11, Bitcoin set a record $ 3,025 per share for a week later to fall to $ 2,185. In order to have a comparison, in 2011, the currency was traded for the amount of R $ 5.06 by MercadoBitcoin, a site for the intermediation of purchases and sales of digital currencies.

Among the main reasons for this significant growth in recent times is the strong demand for Bitcoin in Japan. This is because the Asian country has regulated the digital currency as a legal means of payment. Further regulation of digital currency by the Chinese government is also pointed out as a positive factor that may have contributed to this Bitcoin increase in recent months.

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