Continue to optimistic predictions about the price of Bitcoin; this time, the CEO of Nexus ensures that it will hit $ 50,000 this 2020. Although it may seem somewhat exaggerated, in this article I will give you the reasons for which the CEO believes in this figure. Antoni Trenchev, the head of the platform loans of Bitcoin, Nexus.io, issued this prediction in an interview for Bloomberg. It said that the growth of the criptomoneda had been something never seen before. Therefore, the potential of the same was incalculable to date. Not happy with that, also ensured that you can achieve “very easily” $ 50,000 in 2020. Even though he already had published a number of positive predictions on the performance of BTC this year, very few are so optimistic as the CEO of Nexus. Continuing with the interview, Trenchev stated that Bitcoin “has been an amazing asset uncorrelated with the market in general.” To demonstrate this, he used as an example to 2017, when the criptomoneda reached its historical maximum of almost $ 20,000. He continued with this example and compared it with a historical fact. Specifically the case of the German mark after the First World War. “It offers returns that are asymmetric systematic, and the only thing that we have seen near something like this has been the rise of the us dollar against the framework (paper in German) in the 1920s”. When asked how much more could rise the price of BTC, the CEO of Nexus predicted that it would be $ 50,000. This is still below the prediction of the host of CNBC, Joe Kernen, who believes that Bitcoin will reach the $ 55,000 at the time of the reduction of the reward of the block in may.
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How international policy can affect the price of Bitcoin?
Although most of the predictions are positive for the criptomoneda, it is important to take into account certain external factors. In particular, those related to international politics and various conflicts around the world. A clear example of this occurred yesterday, after the news of the death of an important General in iran by a drone of the us. After president Donald Trump would ensure that he had ordered the attack, and the Pentagon confirmed the information, the price of Bitcoin recovered after a fall. This demonstrates how the political situations or geopolitical issues can affect the price of the criptomoneda. And that there are certain situations that, although they may not have to do directly with the community as cryptographic, the same may affect it. To know more about the predictions of Bitcoin, relationship of the industry to cryptographic situations, geopolitical, and much more, stay tuned to the contents of CriptoTendencia. The following two tabs change content below. I am a student of International Studies, interested in new technologies and their impact on the world. A true believer that tenacity is the foundation of success.