The price of Bitcoin (BTC) will reach $ 90,000 in 2020 and other forecasts for the post-half period


Yuri Molchan
Now that 2020 has arrived, it’s time to recall some of the main BTC price forecasts made for this year and those that should come true after the halving in May

The third halving of Bitcoin is expected to arrive on May 12. In the meantime, some important predictions have been made recently about this particular year or the short-term halving period overall.

Twitter user Robert Art, a fan of XRP and Bitcoin, recalled and shared some of these bullish predictions on his Twitter account.

Bitpay CCO: BTC to exceed $ 20,000 this year

In an interview with Bloomberg in January, Bitpay chief commercial officer Sonny Singh said that in 2020 Bitcoin is very likely to break the record high of $ 20,000 reached in December 2017.

Singh thinks that despite the fact that many people believe that the further price increase will be brought about by the half event approaching in May, the price could go up due to certain events that no one expects to happen. produce.

For example, he recalled Facebook’s plans last year to launch the Libra currency. In 2019, he said, this news drove up the price of BTC to almost $ 13,000 in July.

BayernLB Bank: Bitcoin will reach $ 90,000 in 2020

According to a research report released by BayernLB Bank on October 1, 2019, analysts at the bank expect the flagship cryptocurrency to skyrocket to $ 90,000 this year.

The reason is, according to bank analysts, the increase in the BTC stock-to-flow ratio after the reduction by half.

Tim Draper: Bitcoin will reach $ 250,000 by 2022

Billionaire and investor Tim Draper is a bull who firmly believes that the price of Bitcoin will certainly reach at least $ 250,000. The investor has repeatedly confirmed his prediction, even once claiming that $ 250,000 would even be a conservative prediction.

In an interview, Draper mentioned that this was what his technical analysts had told him. The reason he mentioned this is that housewives will start using Bitcoin instead of their cards for their daily purchases in order to save the commission fees they have to pay to use bank cards.


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