Author Topic: Bitcoin Can Hit $50K in 2020 ‘Very Easily’ — Nexo CEO Tells Bloomberg (Read 4826 times)

newshunter · « **on:** January 06, 2020, 01:01:02 AM »

Bitcoin Can Hit $50K in 2020 ‘Very Easily’ — Nexo CEO Tells Bloomberg

Bitcoin has hit $7,300 once more as geopolitical tensions swell, and could go on to $50,000 this year, says Anton Trenchev

Source: Bitcoin Can Hit $50K in 2020 ‘Very Easily’ — Nexo CEO Tells Bloomberg

Would appreciate your opinion about this

Altcoins Talks - Cryptocurrency Forum · « **on:** January 06, 2020, 01:01:02 AM »

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Fenix · « **Reply #1 on:** January 06, 2020, 06:22:05 AM »

It seems to me that such a sharp increase in the price of bitcoin is unlikely to happen this year. Yes, I doubt whether it will be good for the cryptocurrency as a whole. Of course, cryptocurrency owners who are ready for such an increase in the price of bitcoin will receive very large profits. However, we have already seen what happened to the cryptocurrency market after Bitcoin in December 2017 increased in price to $ 20,000. The market has not fully recovered to this day.

Noverteno · « **Reply #2 on:** January 13, 2020, 07:51:12 AM »

For over ten years, Bitcoin has been on the path of increasing its price, and while it is mainly trading in the region of ten thousand dollars. Only once did it rise to twenty thousand dollars and we see that this led to an almost two-year stagnation in the cryptocurrency market. Now the rise in the price of bitcoin to $ 50,000 is absolutely not real. In any case, if this happens, it will be a very big shock for the cryptocurrency market.

Alcor · « **Reply #3 on:** January 14, 2020, 06:42:45 AM »

It is one thing to increase four-fold during the quarter to $ 13,500, as it was in last 2019, and it is another thing to grow from $ 8,000 to $ 50,000. So far, such a price is unrealistic for Bitcoin from the current price positions. In my opinion, an increase in the price of bitcoin to $ 20,000 is still the maximum for this year.