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Bitcoin in 2020: What to Expect from BTC Value in the Future

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Bitcoin has had its second major crash this year, and its current price is only a fraction of this year’s all-time high. While a lot of investors expected the end of 2018 to bring the end of the bear market and allow BTC to reach new heights, it doesn’t seem likely that his will be the case. Even so, investors continue looking into the future, only slightly bothered by the current drawback.

Many of them remain convinced that this is not the end of Bitcoin, and that it will rise again, just as it did every time in the last 10 years. With that in mind, many are wondering what to expect in the next year or two? Predicting the price is never easy nor accurate, and the further we go into the future, the less accurate these predictions can be.

Even so, 2020 is seen by many as a big and important year, the end of the second decade of the 21st century, which is why many are interested in experts’ opinions what this might mean for crypto. This is why we have collected the best-educated guesses of some of the biggest names in crypto, finance, and technology.

1. Tom Lee

Tom Lee is head of research and a co-founder of a crypto research company called Fundstrat Global Advisors. According to his earlier predictions, he stated that Bitcoin will hit $25,000 by the end of 2018. Of course, this was before the bear market and the second market crash of this year caused all this damage.

His later predictions stated that BTC can still hit at least $15,000 per coin by the year’s end. Lee has also had numerous live TV appearances where he discussed Bitcoin and its price. He also talked about creating an index that would track Bitcoin’s price. all in all, Lee is one of the most respected figures in the crypto industry, which is why his opinion is held to a very high regard. As for his thoughts on Bitcoin in 2020, a chart analysis based on BTC price movement throughout its history had him convinced that BTC will hit the value of $91,000.

2. John McAfee

John McAfee is a name known around the world, mostly for his McAfee antivirus, however, in recent years, he also became involved in the crypto industry. His interesting background and unexpected price predictions brought him to the attention of the entire community, and he used it to make a profit by promoting ICOs. He also revealed that he charges over $100,000 for price predictions and that a lot of crypto projects are more than willing to pay this price to get them.

His price predictions were often stretched as far as possible, which is seen is his last year’s prediction that BTC will hit $500,000 per coin in 2020. Despite the fact that many have seen this prediction as unlikely even then, he recently moved it even further up, stating that he expects Bitcoin to reach $1 million per coin.

Of course, these predictions are not just guesses, and he has based them on a special price model that he has created himself. The same price model predicted that BTC will reach $5,000 by the end of 2017. At the time when he made this prediction, a feat like that seemed impossible. As we know now, BTC grew to be four times that size.

Of course, this would also mean that the total market cap would skyrocket as well, possibly hitting as much as $15 trillion.

Of course, some of his predictions were wrong in the opposite way too. One of those included the prediction that BTC will return to its price of $15,000 per coin in June 2018, which clearly, did not happen. Because of this, most people are now taking his words with a grain of salt. However. McAfee remains one of biggest BTC bulls out there, and there is no doubt that a lot of investors would like his predictions to come true.

3. Fran Strajnar

Strajnar is a CEO of Brave New Coin and has predicted that Bitcoin can easily hit $200,000 by 2020. The reason for this is a rapid rate of adoption of the number one currency, as well as its altcoins. Strajnar claims that more users are developing an interest in BTC all the time, meaning that the network is growing. Additional wallets are being created all the time, and the same is true for various apps and dApps. Strajnar expects that this will continue, and that usage increase will eventually bring BTC to a much higher value.

4. Osato Avan-Nomayo

Osato Avan Nomayo is a well-known Bitcoin analyst that has predicted that the mining reward will drop to 6.25 BTC by 2020. Bitcoin mining rewards are known for getting cut in half when a certain number of blocks has been mined, and this has already happened twice so far. The first halvation was in 2012 when BTC rewards dropped from 50 BTC to 25 BTC. Then, in 2016, the same happened again, and BTC rewards dropped from 25 coins to only 12.5, which is the amount of BTC that miners receive today.

Now, Osato believes that 2020 will be the time when the next halving will occur, as it seems to be happening after every four years. However, after every halving, BTC prices surged, and while Osato never gave a specific prediction, the price that the analyst expects is higher than $20,000.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

SEC Postpones Bitcoin ETF Decision Once Again

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The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them…

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What to Expect in 2019: BTC, BAT, and Steem

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There are only a few weeks of 2018 left, and considering how bearish and crypto-unfriendly this year was, a lot of investors will likely be pleased to see it gone. Many believe that 2019 will be the year that will correct BTC prices and bring forth the period of great recovery.

But what does that mean for digital currencies? Which ones are a good investment right now? This is something that we will, hopefully, be able to answer right now. Here are the top 3 coins that everyone should keep an eye on in 2019.

1. Bitcoin (BTC)

Of course, we have to start with Bitcoin, the first and largest cryptocurrency. Bitcoin has lost a lot in 2018, and its losses are unparalleled by any other coin. In fact, in terms of market cap, Bitcoin has lost as much as the rest of the crypto market put together.

Many believe that its rapid growth, which started in late 2017 and has brought it to its all-time high, is responsible. That the bearish 2018 was only a one large price correction of the last year’s price surge. Even if this is true, price corrections, luckily, all end sooner or later, and when this one comes to a close, Bitcoin will likely be ready for a big comeback.

2019 is expected to bring a lot that will serve BTC’s…

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The Three Biggest Problems with Crypto

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In this bear market, everybody’s asking the same questions. Why is Bitcoin falling? When will the market turn around? Is this the end of the crypto boom?

However, before we can answer questions like these, we need to step back and do an honest appraisal of where our industry stands and what is really holding it back. Despite its growing popularity, cryptocurrency still struggles to gain mainstream appeal. While crypto has managed to distance itself from the early days, when it was used to buy illegal goods online, the currency still conjures up negative feelings for a lot of people unfamiliar with the technology — and all too often, for good reasons.

Cryptocurrency is still relatively new, which means that many casual users are still exploring different ways to use crypto in their day-to-day lives. Unfortunately, this lack of knowledge leaves a lot of users vulnerable to scammers seeking to take advantage of their ignorance and inexperience.

We’ve contacted various types of people within the crypto community, surveying newbies, traders, investors, and professionals, asking what the biggest problems in crypto are. We found there to be three major problems holding the industry back:

Scammers

Failed projects

Immature technology

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