Bitcoin price latest: how high will bitcoin go? Will bitcoin crash?

Bitcoin opened on the CoinDesk exchange at £14,201.81 ($18,960.52) today before peaking at £14,251.01 ($19,026.21) and then slumping down to £13,221.59 ($17,651.85). As of 5.25pm GMT on

Tuesday December 19, bitcoin is exchanging hands at £13,674.15 ($18,256.05) per token – down 3.72 per cent. Confidence in the cryptocurrency was boosted this month after bitcoin began

trading on two major US regulated exchanges – CBOE and CME. Financial headlines then erupted with speculation when bitcoin prices hit £14,980.40 ($20,000) on some exchanges over the weekend,

and some economists believe this is not the end of the road yet. HOW HIGH COULD BITCOIN RISE? Independent research analyst Ronnie Moas is certain the crypto token could become the “most

valuable currency in the world” at a price tag of £224,280 ($300,000). The founder of Standpoint Research first predicted over the summer that bitcoin had the potential to shoot past £3,738

($5,000) when it was still below £1,943 ($2,600). Mr Moas said: “Bitcoin is already up 500 per cent since I recommended it in the beginning of July, and I’m looking for another 500 per cent

move from here. “The end-game on bitcoin is that it will hit $300,000 to $400,000 in my opinion, and it will be the most valuable currency in the world.”  In fact, the digital currency has

not even begun to peak, he told Kitco, with at 99 per cent of the world “not even involved yet”, Mr Moas sees the potential for bitcoin to hit as high as six figures. But not everyone shares

this very optimistic confidence and many experts have urged buyers to jump ship. WILL THE BITCOIN BUBBLE BURST? Eric Shiffer, a veteran entrepreneur and CEO of Patriarch Equity told

Express.co.uk that bitcoin’s inflated price is the “bloodiest financial danger of the 21st century”. He said:  “I think bitcoin is a ‘tower of death’. It is going to result in the imminent

death of your investment – a thermonuclear death. “Right now we are looking at a financial bubble that is bigger than the tulip craze and I believe that we are headed for a bitcoin crash

that will supersede any financial worries of the 21st century. “People are going to be shocked when they try to liquify their bitcoins.” Mr Moas agreed bitcoin’s inherent volatility

threatens to depose it from its leading position in the crypto markets. As soon as confidence in the token is shaken, he said, a panic could sweep through investors leading to bitcoin’s

collapse. He said: “A lot of people are sitting on millions of dollars in profits right now and the minute they think this is going to crack, they are all going to sell at the same time.”

Oliver Isaacs, cryptocurrency investor, went one step further to announce that bitcoin is going to be “the biggest financial bubble of our lifetime”. Speaking exclusively to Express.co.uk,

the investor underlined that buying bitcoin is bound to have a disastrous effect on its investors. He said: “Personally I think Bitcoin will be the biggest bubble of our lifetime. “Bitcoin

has already reached over $10,000 a coin and it will not be long until Bitcoin valuations and prices continue to rise and spiral out of control.”