Crypto price 2020
There is a lot of speculation about crypto for 2020 and the prices that may reach this year taking into account the occurrence of halving #BTC. In this article I make my little analysis about it taking into account that there can be several scenarios.
The first one, which we all want, is a big price increase
Some expect BTC at 250000USD, others at 100000USD and others pray that you will reach even 20000 as in your most recent glory.
The factors driving the rise in my opinion are:
The occurrence of halving that in previous events has raised the price to over 10.
Speculation, a bullish avalanche phenomenon can occur if everyone visualizes that BTC can reach 100000USD for example. Everyone will want to buy it before it gets there which will drive the price up.
BTC has already demonstrated its ability to grow and that can generate confidence in investors.
But there are obstacles to overcome in order to achieve a big increase.
One is the volume of currencies that exist today which is much higher than 3 years ago thanks to mining. Then you have to buy all the market offers up to the desired price so more volume requires more investment.
The other point is that we are considering prices that we have never reached before. The difficulty increases when the price increases. It is easy to raise BTC 1000% if it is only worth 2USD, for which you should invest 20USD for each BTC. But if we want it to reach 100000USD for example, we should invest about 90000USD for each BTC, which represents a very considerable sum.
This is my point of view, although I think there will be a new price record, the important point is to know what it will be.