Bitcoin To Surge 575% By 2021?

Bizarre? No, not at all!

Bitcoin Surging 575% By 2021 Sound Bizarre? This Industry Executive Begs to Differ

“Antoni Trenchev, the CEO of Bitcoin lending platform recently shared his thoughts on where Bitcoin could head by the end of 2020, explaining to Bloomberg that BTC is an “incredible asset” that could climb as high as $50,000 by the end of the year, which would mark roughly a 575% climb from its current prices.

As for what could catalyze this type of movement, some investors are keenly watching to see how Bitcoin responds to its upcoming mining rewards halving event, which is bullish as it lowers the cryptocurrency’s annual inflation to 1.8%.

Furthermore, the recent bout of miner capitulation that coincided closely with its drop from its multi-month highs of over $10,000 has officially ended, which could further bolster bulls and potentially help the digital asset climb higher.

The coming few weeks and months will likely prove to be critical for determining just how bullish 2020 will be for Bitcoin and the aggregated crypto markets.”

Master Asked on January 5, 2020 in Bitcoin.
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