Can Bitcoin Hit $20k In 2020? Mike Novogratz Analyzes The King Coin
The crypto market looks great today with most of the coins trading in the green, and Bitcoin is no exception.
At the moment of writing this article, Bitcoin managed to surpass $7,000 at last, and the most important coin in the crypto space is now trading at
$6,989.49 after falling in price a bit compared to earlier.
Crypto community gets bullish again
The crypto community seems to be getting more and more bullish these days despite the huge volatility in the market and the global economic crisis that will probably be intensifying even more.
Mike Novogratz recently highlighted once again the fact that he is bullish about Bitcoin, and he predicted that the most important coin in the market would definitely hit $20k this year.
During a recent interview with CNBC’s Closing Bell that aired a few days ago, on April 2, Novogratz also said that he’s confident that Bitcoin’s price should definitely double before October 2020.
If Bitcoin doesn’t;t his a new all-time high, Novogratz gives up on it
Novogratz delivered another bullish prediction for Bitcoin, and this time the crypto advocate admitted that he might even give up on the coin if the price doesn’t hit a new all-time high this year.
— CNBC’s Closing Bell (@CNBCClosingBell) April 2, 2020
Other than this, there are various voices in the crypto space, which are still optimistic these days about the price of the most important coin out there.
As you probably know by now, this is mainly due to the upcoming halving event which is scheduled to take place in May.
Based on the previous two other hangings that Bitcoin had during its life, analysts expect to see a surge in price following this important event.
Other than this, Bitcoin and the digital assets are expected to see increased adoption amidst the global crisis.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.