---
title: "Finance Expert Predicts Bitcoin’s Value Could Soar as High as $4,000"
description: "The cryptocurrency could reach a new record-high value."
date: "2017-07-05"
modified: "2017-07-12"
authors:
  - name: "Karla Lant"
    link: "https://futurism.com/authors/karla"
url: "https://futurism.com/finance-expert-predicts-bitcoins-value-could-soar-as-high-as-4000"
categories:
  - "Bitcoin"
  - "Blockchain"
  - "Cryptocurrency"
  - "Finance"
  - "Future Society"
tags:
  - "bitcoin"
  - "cryptocurrency"
  - "goldman sachs"
---

# Finance Expert Predicts Bitcoin’s Value Could Soar as High as $4,000

![](<https://futurism.com/wp-content/uploads/2017/07/AdobeStock_61457857.jpeg>)
*\<em\>Image: \<a href="https://stock.adobe.com/stock-photo/photo-golden-bitcoins-new-virtual-money/61457857?prev_url=detail" target="\_blank"\>Adobe Stock\</a\>\</em\>*

We're barely past the halfway mark, and already Bitcoin is having a big year. The value of the cryptocurrency soared past $1,000 in January and then again in February. By March, its value [surpassed that of gold](<https://futurism.com/for-the-first-time-ever-bitcoin-has-surpassed-gold-in-value>), and on May 10, it hit what was then a record-high value of more than [$1,700 per coin](<https://futurism.com/bitcoin-prices-continue-to-surge-regularly-breaking-records>). In June, Bitcoin set a new record, closing above $3,000 before finishing the month at close to $2,500.

In all, Bitcoin's first-half gain was approximately 168 percent this year, which has led various commentators, including [Mark Cuban](<https://futurism.com/mark-cuban-asserts-that-bitcoin-is-not-currency>) and Charles Schwab chief global investment strategist [Jeffrey Kleintop](<http://www.businessinsider.com/bitcoin-price-bubble-unmatched-2017-6>), to suggest that the cryptocurrency is in a bubble.

https://youtu.be/kubGCSj5y3k

The latest expert to weigh in on the future of Bitcoin is Goldman Sachs head of technical strategy Sheba Jafari, who sent a note to clients on Sunday, July 2, advising that while the value of Bitcoin may drop, it is ultimately likely to go even higher.

According to Jafari's note, which was [published by Zero Hedge](<http://www.zerohedge.com/news/2017-07-03/goldman-sees-bitcoin-soaring-high-3915>), Bitcoin is still in the midst of a "corrective 4th wave” during which the value may fall as low as $1,857 — a drop of around 25 percent. According to Jafari, Bitcoin investors shouldn't worry about this drop very much, though, because the currency could hit a record value during its fifth wave, perhaps as high as $3,915.

Whether the value of Bitcoin does soar toward the $4,000 mark or not, 2017 will still go down as a historic year for digital currency.

*Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in cryptocurrency markets. Their personal investment perspectives have no impact on editorial content.*

### Author social links  
[LinkedIn](<https://www.linkedin.com/in/karlalant>)  
[Twitter](<https://x.com/KarlaLant>)