1 January 2020 by Océane
While the market for Bitcoin has experienced major disruptions, after the highlights of 2017, where it reached a value of more than $ 20,000, the crypto-community is rather optimistic for the new year. Many analysts and personalities of the industry have predicted a price rise for the crypto-currency number one, to the example of Mike Novogratz.
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A new rise is imminent in 2020
Certainly, the hedge fund manager James Altucher, had supported, with full of optimism that the value of Bitcoin would reach the million by 2020. Mike Novogratz, the investor billionaire in the crypto-currency that has based Galaxy Digital, has been rather reasonable in his predictions for 2020 for the crypto-currency number one.
2020 prediction #1. @realDonaldTrump loses by more than 10mm votes. #2 $btc finishes over 12k. #3. @USAWrestling wins 3 golds in Tokyo (MF). #4 @tomhanks wins the Oscar for Mr Rodgers. #5 @reform and it’s partners help shrink the ‘supervised’ population from 4.5 mm to 4mm gold < — Michael Novogratz (@novogratz) December 28, 2019
In a recent tweet, he claimed that the Bitcoin can be exchanged to over 12 000 dollars in the same period next year. In other words, 2020 is expected to maintain momentum with a gentle slope to the crypto-currency number one.
Even if Mike Novogratz has not specified the reasons for this upward trend, if it is a technical operation or an external catalyst, we can still expect a positive year for the bulls (Bull) Bitcoin for the year 2020.
Four days left.
(h/t @StockCats)pic.twitter.com/4lDoqEB7qL
— Carl Quintanilla (@carlquintanilla) December 27, 2019
The year ends on a good note
Although the price of Bitcoin remains in the area of 7000 dollars after peaking at over 13 800 dollars in the month of June last, we can affirm that the year was rather good for the crypto-currency.
Given the price which is currently sharing a bitcoin, it represents an increase of over 100% compared to its minimum value of 3400 dollars registered since the beginning of the year.
Do you think that this prediction from Mike Novogratz is realistic for the market of Bitcoin ? Share your thoughts in the comment section below.
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