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Learning & News => News related to Crypto => Topic started by: newshunter on June 04, 2020, 07:07:19 PM

Title: Bloomberg: “Bitcoin will approach record high of about $20,000 this year”
Post by: newshunter on June 04, 2020, 07:07:19 PM
Bloomberg: “Bitcoin will approach record high of about $20,000 this year”

Bloomberg says that all signs point to Bitcoin going on the major bull run in 2020, the only question is whether it will break the all time high of $20,000.


Source: Bloomberg: “Bitcoin will approach record high of about $20,000 this year” (https://cointelegraph.com/news/bloomberg-bitcoin-will-approach-record-high-of-about-20-000-this-year)

Would appreciate your opinion about this
Title: Re: Bloomberg: “Bitcoin will approach record high of about $20,000 this year”
Post by: Noverteno on June 06, 2020, 06:15:03 AM
The price of bitcoin can increase significantly due to the onset of the global economic crisis, when people will be saved from inflation and invest in cryptocurrency. As for the marginal price of bitcoin this year, it’s rather difficult to say. This will depend on many factors. However, with a successful set of circumstances, the price of bitcoin at $ 20,000 will not be any price barrier.
Title: Re: Bloomberg: “Bitcoin will approach record high of about $20,000 this year”
Post by: Leonardo on June 07, 2020, 04:18:15 PM
Quote from: Noverteno on June 06, 2020, 06:15:03 AM
The price of bitcoin can increase significantly due to the onset of the global economic crisis, when people will be saved from inflation and invest in cryptocurrency. As for the marginal price of bitcoin this year, it’s rather difficult to say. This will depend on many factors. However, with a successful set of circumstances, the price of bitcoin at $ 20,000 will not be any price barrier.
I can't agree more. Halving and inflation will play the key role to bitcoin's USD 20,000 journey. As proven through history, bitcoin will reach a new ATH in the year after the halving year. But this year's halving is more special thanks to Covid-19. I predict that ATH will be reached within 2020 instead of 2021. The price may be higher than USD 20,000.
Title: Re: Bloomberg: “Bitcoin will approach record high of about $20,000 this year”
Post by: Senin on June 07, 2020, 05:37:12 PM
Two circumstances - halving the remuneration of miners for each new bitcoin block mined and entering the period of the global economic crisis may soon play a positive role in raising the price of cryptocurrency by the end of this year and next year. Nobody knows how much the price of cryptocurrency will rise. It is possible that we will again be able to see bitcoin for $ 20,000, or even more.