More and more investors believe in the prospects of the world's first crypto currency and prophesy bitcoin a constant growth.

The cost of bitcoin for Christmas can overcome the mark of 10 thousand. dollars. This was stated by Professor of Economics Panos Mordukatas in his column in Forbes. The expert noted that bitcoin was able to successfully pass 3 tests, which indicate its prospects.

Technical test.

The bitcoin rate easily took the mark of 5000, 6000 and 7000 dollars. Mordukatas believes that this is a signal for "bullish" investors, who, when forecasting, rely on data on the volumes of trade and historical movements of the exchange rate.

"The Wall Street Test".

So the expert calls the growing loyalty of the influential players of the financial world to bitcoin. He believes that this is also a positive signal for "bullish" investors, who pay attention to the fundamental signs.

"Test of China".

After China introduced a number of restrictions on the trading of crypto-currencies in September, many believed that bitcoin would begin to fall. However, the Crypto currency has not only recovered quickly, but also continued to grow.

"These" bullish "trends forced everyone to talk again about the digital currency, which helps it reach a" tipping point ". This creates conditions for growth, as the current supply can not meet the growing demand, "said Mordukatas.

At the same time, the expert calls on investors who buy bitcoins, hoping that they can profitably sell them in the future, behave rationally. He noted that because of this the bubble can turn into a mania. According to Mordukatas, the growth of bitcoin may end badly for investors who entered the game too late.