Is 2020 the Year of Bitcoins? | Expert predictions

Many experts consider 2020 the Year of Bitcoins (BTC). The value of the cryptocurrency rose to respectable heights. No one was surprised when Google said it was the second most popular search in the first half of the year.

It is likely that when a person under the pseudonym Satoshi Nakamoto published paper in 2008 entitled “Bitcoin: a peer-to-peer electronic money system”, it did not anticipate such widespread adoption, making BTC the most recognized digital cryptocurrency in the world.

Bitcoin

The article, now considered a financial plan for many institutions in different parts of the world, describes the use of a peer-to-peer network as a long-term panacea for spending by replacing physical currency with digital currency or tokens that are not controlled by government or a single entity. These transactions are immutable and no one can delete them, because these blocks are added using state-of-the-art digital cryptography, which guarantees that these transactions cannot be hacked.

As a result, there was great interest, enthusiasm, and unprecedented demand for Bitcoins from financially savvy individuals, as well as others who bought BTC in the hope of becoming mainstream. Now, any country in the world can have a standard medium of exchange that is not dictated by governments, because the digital currency does not exist in physical space.

Those skilled in the industry attribute the current increase in the value of BTC to the fact that online merchants are being accepted faster than ever thought possible.

2020 the Year of Bitcoins

Experts from www.elitetrading.de predict that the price of Bitcoins will continue to rise as cryptocurrency continues to gain popularity among individuals and businesses, even in countries where cryptocurrencies are not widely traded.

Dave Chapman, CEO of Octagon Strategy, is convinced that the price of Bitcoins will exceed $ 100,000 by the end of 2022. Dave was one of the few individuals who predicted that BTC would exceed $ 10,000 by the end of 2017 and was right.

Investment and speculative companies around the world are investing in Bitcoins.

It is estimated that in the coming months, investment will be used to a large extent to drive markets, which will serve to maintain high demand. Venture companies will buy and hold Bitcoins. It turned out to be a bull run, so who wouldn’t want to make an investment that could prove to be very profitable?

Michael Novogratz, a financial specialist with a large financial stake in several fortune 500 companies, said that the exponential increase in the value of Bitcoins will be supported by a huge inflow of capital into the crypto market.

So let’s keep our hats on, because 2020 is the year of the Bitcoins and it will definitely be an exciting ride.

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