Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Paha87 on December 15, 2019, 04:12:36 AM
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Arthur Hayes, CEO of cryptocurrency exchange Bitex in an interview with Cointelegraph Japan gave a forecast of bitcoin price movement next year.
In his opinion, if inflation continues to rise, the role of the first cryptocurrency as a means of saving will increase. This will lead to the growth of bitcoin to previous highs.
However, the $20,000 level remains an important psychological mark and the coin will not overcome it for a long time, he said.
In the case of a bear market return, Hayes is confident that bitcoin will not fall below $3000. According to him, the break-even point for miners is in the range of $3000 - $4000 and it will serve as a serious level of support.
In September, Hayes said that the growth of bitcoin to $20 000 thousand can lead to the continuation of the fed's policy of quantitative easing.
The original article here - https://forklog.com/ceo-bitmex-sdelal-prognoz-dlya-tseny-bitkoina-na-2020-god/