Как Положить На Биткоин Кошелек : BITCOIN WILL HIT $50,000 IN 2020: Industry Executive Doubles Down | BTC $1,000,000 Upside

ЛУЧШИЕ БЕСПЛАТНЫЕ БИТКОИН КРАНЫ 2016 КОТОРЫЕ ПЛАТЯТ - ➡️ TEEKA TIWARI - Investment of the Decade: http://2020.cryptonewsalerts.net

In May, Nexo co-founder Antoni Trenchev said that the Bitcoin price was on track to hit $50,000 in 2020. He made his prediction while BTC was surging, testing $10,000 as it attempted to set new year-to-date highs.

Despite the recent consolidation, he remains bullish. In a recent interview with Bloomberg’s Joana Ossinger at BlockDown, a digital crypto conference, Trenchev conveyed why he remains bullish.

Core to his bull case is BTC’s strict supply of 21 million coins:

“You can’t have the President of the United States tweeting out that the money supply, the total number of Bitcoin should be expanded from 21 million. You just can have that. Bitcoin is this perfect structure, which has all the right principles. And those once formulated, stipulated, put into code, they remain unchanged of any human intervention.”

Trenchev argued that this simple supply cap is what draws so many retail and institutional investors to the industry.

He added that with “almost $8 trillion” printed by central authorities over recent months due to the pandemic, Bitcoin and gold should do really well.

“So yes, I’m sticking to my prediction of 50K until the end of the year. I appreciate that it is a bold statement, but the fundamentals are there and the momentum is shifting there as well,” Trenchev concluded to the Bloomberg journalist.

There are many others expecting Bitcoin to rally even higher in 2020, but most don’t think $50,000 is possible. They don’t think that’s possible in such a short time frame, anyway.

Bloomberg came out with an extensive report on the crypto market at the start of June. In it, senior commodities analyst Mike McGlone suggested that Bitcoin could hit $20,000 this year and maybe $28,000 if the right trends align.

McGlone attributed this prediction to the fact that Bitcoin looks structurally similar to BTC at the last halving. The cryptocurrency trending as it did after the last halving will result in a year-end price of around $20,000.

In other trending Bitcoin News today:

Former Goldman Sachs Exec Says Bitcoin’s (BTC) $1,000,000 Upside Annihilates Traditional Investment Opportunities

Raoul Pal, the CEO of the Global Macro Investor and former Goldman Sachs fund manager, thinks Bitcoin is the “call option” on global central bank uncertainty. And he says hedge funds are noticing.

“We’ve never gone through such central bank uncertainty. None of us have lived through monetary printing of this kind of magnitude. In fact, none of us even believed it would ever happen. So when you’ve got something that is so large and it continues – it doesn’t go away, it gets worse and worse and worse – everybody has to ask the question, ‘Well what could it mean?’
And Bitcoin is the call option on the ‘What could it mean?’ And it’s as simple as that. So in a big portfolio, a very little bet could end up being a very big thing if something at the central bank level, i.e. fiat currency, comes into a larger problem.”

Both Pal and Novogratz stress the impact Millennials and Gen Z could have on Bitcoin and how it’s viewed by the mainstream population going forward.

Pal, who has predicted BTC could soar to $1 million, says that aside from crypto, Millennials have essentially none of the high-return investment opportunities that so many Boomers had throughout their lifetimes.