Despite Bitcoin (available on Coinbase)’s intense price drop in recent months, some still believe it is going to turn it around next year. And there’s nothing to say it definitely won’t; in the last three days, Bitcoin (available on Coinbase) has packed on 18% in gains.

Sudden Gains

The world’s largest cryptocurrency by market cap jumped from $3,181 to $3,776 in under three days, proving further that nobody can truly know where this coin is headed next.

One advocate for its future upturn is Mike Kayamori, CEO of Quinone, a Japan-based crypto exchange platform. Speaking with Bloomberg TV, Kayamori believes that by the end of 2019, Bitcoin (available on Coinbase) won’t just have increased its price, but it will hit a new all-time high. Is he just being hopeful or is there anything to back this up?

Promising 2019

The future can always appear promising, but 2018 has been anything but for Bitcoin (available on Coinbase). The crypto market has been truly bearish all year, wiping 80% of its value off the board since January. Bitcoin (available on Coinbase) was priced at around $20,000 this time last year; now it is struggling to stay above $3,000.

There have been some brief bullish runs here and there, but overall, Bitcoin (available on Coinbase) has been on a steady downward spiral for most of the year. It doesn’t help that it’s taken most aLTCoins with it.