Bitcoin Price Prediction For 2020


Earlier this year 2019 the bitcoin and indeed most major cryptocurrencies has been experiencing a price decline and recently a bullish trend sees BTC escape the $3200 Low to hitting $9,000 recently.

The Bitcoin crashed from a spectacular $19,600 as at January 2018 to as low as $9,000 and is currently trading around $8,405 which is even a 150%+ gain from Earlier this year till Now (May 2019) on the side of the crypto which was earlier believed to have seen it's bottom at $3,200.

Bitcoin Current Price;

Following all these set backs and bad times the leading crypto is experiencing, A lot of great Entrepreneurs has predicted the price of the Bitcoin for 2020 and beyond.

The Bitcoin is currently the largest cryptocurrency in the world with over $30B traded in the last 24hours.

BTC dominates the cryptocurrency Market with over 55% having a market cap of $150B out of the $265B which is the total cryptocurrency market cap as at now.

In this article I'll be giving you my honest opinion and prediction for the end of 2019 and 2020.

Don't forget I predicted BTC to reach $7500 for end of 2017, $8,000 by 2018 and predicted a $15,000 price for end of 2018.

However several others has shared their perceptions and their predictions for The Bitcoin.

In fact, John McAfee predicted that the btc will hit $1,000,000 (one million dollars) by the year 2020.

Another great investor and Venture Capitalist 'Tim Draper' who owns approximately 32,000 according to the reports online from research not based on personal information predicts that the 1st crypto and currently the worlds leading cryptocurrency "The Bitcoin" will hit $250,000 (Two hundred and fifty thousand dollars) by the year 2022.

Recent prediction for 2018 by Tom Lee of Fundstrat sees the Bitcoin at $25,000 by end of 2018.

I, in recent times and currently now has never been known for bullish statements about cryptocurrencies and the Bitcoin won't be any different.

I'm personally seeing the Bitcoin at around $13,000 by the end of 2019 and $19,000 by 2020 ending.

Several factors might affect a price change of a crypto and lead to great feats but the bottom line is always a stable price condition which is likely to be achieved at the above mentioned scenarios or prices.

Let's hear from you, what do you think!!