Fundstrat Global Advisors analysts argue that the price of bitcoin could reach $64 thousand by the end of 2019, but most likely $36 thousand per coin.

In the new study, Fundstrat head of research at Fundstrat Sam Dr. Sam(Doctor) came to the conclusion that the quotes BTC in 2019 will be between $20-$64 thousand in 2019.

Calculations were made on the basis of price and cost of bitcoin mining breakeven (P/BE), which “showed a reliable level of long-term support,” said the Doctor.

“We expect that the Economics of mining will increase over the next few years, and assume a BTC price of approx $36 thousand by the end of 2019 based on historical average P/BE 1.8 x,” he wrote in a Twitter summary of the study the founder and head of Fundstrat Tom Lee (Tom Lee).

CRYPTO: Our quant/data scientist @fundstratQuant publishing #bitcoin mining white paper. Crypto mining economics lead/explain $BTC price suggests $39,000 per bitcoin by YE19. key takeaways below…

— Thomas Lee (@fundstrat) May 10, 2018

We will remind, earlier you predicted that bitcoin price will reach $25 thousand by the end of 2018, and by 2022 BTC will cost $125 thousand. Later, he confirmed his forecast for bitcoin for this year.