Bitcoin Will Soar to $5,000 Barring a Major Catastrophe

Earlier in September, Bitcoin peaked at $5,000. Then the cryptocurrency tumbled after news came from China that it would shut down cryptocurrency exchanges. And when JPMorgan Chase  (JPMGet Report)  CEO Jamie Dimon’s declared Bitcoin a “fraud,” the cryptocurrency’s valuation dropped down further.

Since then, Bitcoin price has recovered to around $3,800. The question is will Bitcoin rise to $5,000 by the end of this year? Josh McIver, founder and CEO ULedger, believes Bitcoin will reach higher levels.

“Bitcoin is a relatively resilient system.” said McIver.

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