Bitcoin price in 2020
According to Nakamoto's plan, bitcoin will be halved for the third time around May next year
before and after the previous halving, the price has changed significantly
of course, the next month will be the cycle of proction rection. After two months of proction rection, most of them will usher in the market. Therefore, if there is a short-term withdrawal, it will be a perfect low absorption point
it's better to buy bitcoin ETF fund than bitcoin in 2020< In theory, X2
3. The current price of bitcoin is 70000x4 = 28000 US dollars (the expected price after this year's proction rection)
ring this period, the return comparison between holding spot money and ETF fund is as follows:
1. Buy spot money to hold, earn 4 times
2. Buy ETF fund, earn 12 times, Up to 30 times (intelligent position adjustment + fund compound interest calculation)
there is no doubt that bitcoin ETF launched by bitoffer is the best investment choice!
from the moment bitcoin proced value to the sky high price of nearly $20000 gold, bitcoin rose by tens of thousands of times ring this period, which also created a lot of people's freedom of wealth. Most investors love and hate bitcoin. They love speculative property, and they have no limit to the rise and fall. They hate to be unable to analyze the market and make profits in the market
so why is it still suitable to buy bitcoin in 2020
1. The third proction rection
in May, bitcoin reced its proction for the third time. Under the hype of the proction rection market, the third proction rection of bitcoin brought confidence to most investors in the market, but the price did not change significantly
judging from the market, bitcoin is leading the rise of other financial procts under the same conditions. It dropped to $3800 in March, and then rose all the way to about $10000, walking out of the V-shaped reversal
the V-shaped reversal is not easy. After all, the previous market had to be sorted out for several months before going up. This also illustrates the purchasing power of bitcoin in the market
moreover, after halving, the amount of bitcoin g up by the miners has graally decreased. In addition to the lost bitcoin, there are not many bitcoins in circulation in the market, and the bitcoin market is a market brought about by demand. With many external factors, many investors want to use bitcoin for risk hedging, and the liquidity of the market is expanding step by step<
2. Institutions bought a lot
after halving, gray alone increased its holdings of 18910 bitcoins, while after halving, the miners only mined 12337 bitcoins, indicating that the number of gray holdings increased was 150% of the total mining amount of miners in the same period
in addition to institutions, some celebrities have also publicly expressed their desire to buy bitcoin. For example, the author of "poor dad, rich dad" tweeted the reason why he wanted to invest in bitcoin. Before that, he repeatedly said that with the continuous release of water from the Federal Reserve, bitcoin may become a good hedging tool to deal with the current financial crisis
with the entry of specialized institutional teams, bitcoin has been known by more and more people, and its value has also been understood by more and more people< 3. Bitcoin leads the global financial asset growth
the secondary market of bitcoin is huge, with the number of new addresses and active addresses increasing every day. There are many people who know about bitcoin but don't enter the market
the massive entry of foreign institutions leads to the concentration of some chips. In this process, it is not only the transfer of chips, but also the transfer of price rights.
BTC pushed related stocks higher. Sold on Nasdaq, bitdigital, a mining company, has seen its stock price rise 53 times in the past 12 months, becoming one of the winners in the U.S. stock market last year. The current S & P 500 and Nasdaq index rose only 15.5% and 43.4% this year. In addition, the patent rights and patent holding company marathon patent rights group company, which is selling shares in the United States, e to the mining business process, the stock price of the company has continued to rise recently, making the stock price rise 10 times this year
in a report by investment analysts of Morgan bank, it is difficult to prevent BTC from overbought. If the net capital inflow of the digital money stock fund with large volume of trading in the world is greatly reced, then the probability of BTC callback function may be increased. Noah wealth investment analysts told China first financial that BTC does have regulatory requirements in terms of trading in the future. However, some changes have taken place in the characteristics of BTC in the last year, and some investors are actively and reasonably distributing. Therefore, with the support of organizational assets, it is unlikely that the market price will reverse immediately in the short term< to observe the trend of bitcoin in 2020, we must consider three factors: one is whether there will be a large amount of net inflow of organizational capital