Bitcoin Is Set For Massive Bull Run Similar To 2017 By The End Of This Year
The crypto market looks pretty good today, with the most important coins trading in the green.
At the moment of writing this article, Bitcoin is trading in the green, and the digital asset is priced at $11,424.13.
There have been all kinds of optimistic predictions these days about the price of BTC, and most of them are saying that this year we’ll witness a new significant bull run.
Bitcoin could see a massive bull run this year
It’s been just revealed that the founder and CEO of one of the largest independent financial advisories in the world said that Bitcoin’s (BTC) 2020 close could look very similar to its epic 2017 boom.
Nigel Green revealed this interesting and bold prediction in a blog post said that Bitcoin is poised to surge before the end of this year.
“‘There’s a growing sense that we’re set to experience a mini-boom similar to that at the end of 2017. Prices are yet to catch-up with investor interest – but this is only a matter of time as investors will not want to sleepwalk towards perhaps year-high prices in the run-up to the end of 2020.’”
Green said that he believes a confluence of factors will trigger a big rally BTC before 2020 expires.
“‘There’s been something of an avalanche of interest in Bitcoin in recent weeks from household-name investors. Investor activity is picking up considerably with various on-chain metrics and ongoing – and heightening – global political, economic and social turbulence suggesting that there will be a price surge before the end of the year.’”
Back in December 2017, Bitcoin printed its all-time high of just over $20,000, and this price level has not been seen ever since.
Recently, it’s been just revealed that the billion-dollar digital asset management firm Grayscale said that a massive transfer of wealth could bring waves of capital into Bitcoin and crypto.
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.