x
I don’t expect Bitcoin to drop below $6,000. We might see some FUD before the Bitcoin halving. By the end of 2020, I think the Bitcoin price will be at least $20,000.
2.
I have previously commented that I thought $250,000 to $500,000 would be plausible in the longer term. I think there is a good prospect of exceeding the previous all-time high of $20,000 in 2020, as the effects of the halving and technology fundamentals come to bear, perhaps reaching as high as $100,000.
3.
Max: $55,000
Min: $22,000
In addition to the halving and inflow of institutional funds into crypto assets, I consider the macroeconomic situation to be a strong driver of the Bitcoin price.
In a financial market completely distorted by central banks, Bitcoin offers one of the very few hedging opportunities, which is increasingly realized by traditional investors.
It would not surprise me if in 2020 some of the bubbles created by the artificial glut of money burst, which will give Bitcoin a significant boost as an alternative asset class.
4.
I would say the interesting question here is not the price of BTC, but whether BTC (and other main cryptocurrencies, such as ETH) will be more widely adopted on a long-term basis rather than only for a pure speculative aspect. We do not want to see a repeat of 2018, when users jumped hastily into crypto. I would prefer to see a genuine interest in the technology and its application and an overall appreciation of the utility of the tokens that support the different networks, products and services built upon the public ledger technology. And while most of the altcoins have depreciated in value over the last two years, ERC-721/ERC-1155 based nonfungible tokens have gone up, with some great examples such as Gods Unchained cards doing a 3–4x multiple or Axie Infinity Mystic creatures.
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More Comment Here...
https://cointelegraph.com/explained/experts-share-what-will-bitcoins-price-look-like-in-2020
