As we wrap up 2018, crypto players are starting to publicly come out with their Bitcoin (available on Coinbase) price forecasts for the new year. Some are bearish, using the fact that BTC was nearing $20 thousand this time last year. Others, however, continue to be bullish. Spencer Bogart of Bitcoin (available on Coinbase) Capital is one of the latter.

Spencer Bogart Remains Bullish of Bitcoin (available on Coinbase) Price

In a recent interview with CNBC, when asked whETHer he believes BTC will hit $50,000, Spencer Bogart said yes, but maybe not as soon as bulls are forecasting.

“Absolutely it can go that high,” said Bogart, “how long will it take, I’m not sure.” That’s a different but realistic approach to the future of Bitcoin (available on Coinbase) price, compared to someone like Tom Lee, who reiterated his $15 thousand year-end prediction last month.

What Caused the Downward Slide?

The crypto market is aware of the downward tumble in the Bitcoin (available on Coinbase) price. However, players remain divided as to what the cause of it was. Was it because Bitcoin (available on Coinbase) was never meant to succeed? Just another Ponzi scheme? Bears may agree. Or, was it because of the individual players buying the digital currency, not being mature enough to learn the ropes before climbing up them?

For Spencer Bogart, co-founder of Bitcoin (available on Coinbase) Capital, he is of no opinion. He is simply ignoring the BTC price.

Bogart said that if you ignore it, it becomes evident that 2018 has been a “fantastic year” for the digital currency. “This is the first year we have started to move to scale Bitcoin (available on Coinbase) with a lightening network where you can transact extremely quickly and extremely cheaply,” explained Bogart.