5 Predictions For Bitcoin In 2020 – Sylvain Saurel

In the 2010s decade, Bitcoin has been a phenomenal success. Created in 2009 by Satoshi Nakamoto, Bitcoin has achieved a market capitalization of $130 billion.

Bitcoin has transformed $1 invested in 2010 into $90,000 in 2019.

Above all, Bitcoin has shown that a fairer alternative to the current financial and monetary system is possible.

By the end of 2017, the price of Bitcoin had even reached an all-time high of just over $20,000. A veritable speculative bubble had then formed. The same bubble that burst during the long bear market of 2018 and that will have allowed the market of the greediest people to be cleaned up.

Now the market is much more mature and the Bitcoin is ready for the next strong bull market.

In 2020, all the conditions will be in place for a sharp increase in the price of Bitcoin:

1. Bitcoin Halving scheduled for May.
2. High economic instability with an economic crisis announced for months that will come sooner or later.
3. Strong political instability in the world with the U.S. presidential election, the trade war between China and the U.S. or the more than tense relations of the U.S. with Iran or North Korea.

In addition, the computing power dedicated to Bitcoin mining keeps increasing and has reached a new all-time high recently. This is often a signal for a sharp increase in the price of Bitcoin in the future.

Some predict a Bitcoin that could even reach $100K by the end of 2020. For my part, I will be more cautious, while remaining ambitious, since I will predict a Bitcoin that will reach $50K by the end of the year 2020.