Bitcoin Will End 2020 Above $10,000, Investors Suggest in Poll
According to a recent poll conducted by Bitcoin and crypto analyst Chris Burniske, a majority of cryptocurrency investors think BTC will end 2020 above $10,000.
According to the poll, a mere 11.6% of the 1,400 respondents think that Bitcoin will end 2020 under $10,000. The rest think that the asset could end up anywhere from $10,000 to $17,500 and beyond.
Many Think This Will Be The Case
Top analysts think that this will be the case.
According to Vinny Lingham, the chief executive of crypto startup Civic and a managing partner at Multicoin Capital, Bitcoin could hit $15,000 in the near future:
He added in a separate comment that once BTC turns $12,000 into support, the coin will be bullish on a macro scale:
Mike McGlone, a senior commodity analyst at Bloomberg, has been even more optimistic. He said that BTC is on track to hit $20,000 by the end of the year, citing the block reward halving and other factors:
A crash in the legacy market, though, could end up reversing Bitcoin’s bull trend.
Photo by Jan Huber on Unsplash Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com A Majority of Investors Think Bitcoin Ends the Year Above $10,000
Originally from Bitcoinist.com https://ift.tt/35vs8o5
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