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Bitcoin Price Prediction: The Value of BTC in 2020

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.

Several Bitcoin price predictions for 2020 by Trusted Industry Figures

John McAfee

He is the creator of the popular antivirus software, McAfee antivirus and a well-known figure in the crypto industry for his unique predictions against an interesting background. Most recently, he predicted Bitcoin would hit the $ 1 million US dollar mark. According to him, the prediction is based on the model he made himself. With this model, he once predicted that Bitcoin would reach $ 5,000 in 2017.

Tom Lee

Thomas Lee, co-founder and head of research at Fundstrat Global Advisors, a leading crypto research firm, estimates that the Bitcoin price will hit $ 15,000 by the end of this year.

Osato Avan-Nomayo

Bitcoinist analyst Osato Avan-Nomayo predicts that Bitcoin mining rewards will halve from 12.5 BTC to 6.25 BTC by 2020. Although he doesn't predict a specific price for BTC, their analysis predicts the new price could be as high as $ 20,000 US dollars.

Fran Strajnar

Brave New Coin CEO Fran Strajnar has estimated the Bitcoin price to reach $ 200,000 by 2020 with the increasing adoption rate of Blockchain technology and Bitcoin usage. According to him, the more users who join the network, the more wallets and applications that will be created and used. As usage increases, the price of BTC will also increase in the long run.