Bitcoin Price Prediction: The value of BTC in 2020. Right now, everyone in the crypto community is probably wondering what the future of Bitcoin will be for its investors in 2020 and beyond. The crypto exchange market is known for its very volatile prices from very high to very low in a short period of time.
While this situation is very favorable for traders using the buy-and-sell investment method, it also makes digital assets such as Bitcoin a poor medium for storing value. In addition, this situation also makes it difficult for long-term investors because they have to constantly check for changes in value to ensure the safety of their investment status. If the price changes sporadically, it will be very difficult to check the value.
Although this volatile nature makes the future of crypto exchanges difficult to predict, it has not stopped players from wondering about the possible future of digital assets, particularly the price of Bitcoin. Although almost all predictions are rooted in mere speculation in the crypto world, some of them stem from quite complex quantitative prediction methods. From research and modeling to creating custom benchmarks, experts are working hard to prove Bitcoin is here to stay. The Bitcoin price prediction for 2020 is very broad, ranging from $ 20,000 to $ 1 million US dollars.
Early investors who bought crypto assets when they were very cheap became millionaires when their value rose sharply to thousands of US dollars. Nearly all of these billionaires emerged in December 2017 when the Bitcoin price broke a record high of $ 20,000 US dollars. Since then, the Bitcoin price has dropped several times and made the market worse than expected.
Another factor that makes Bitcoin's future difficult to predict is the fact that its use did not increase significantly in 2018, indicating market stagnation. In fact, mass adoption is not happening as fast as crypto industry players hoped.
Apart from the current adoption rate, there are several other factors that can be considered in analyzing the future value of cryptocurrency and the price of Bitcoin. Some of them are:
Technological advances and network modifications such as hard forks and software updates
Clarity of purpose and roadmap for a platform
Announcement of new partnerships or special sponsorship deals
New patents and discoveries by crypto research and development firm
There is a new list exchange
New rules / regulations related to crypto world
It is very important to re-learn the above factors rather than following the predictions directly. Investors should also study existing predictions, by looking at the specific reasons behind the predictions presented.