Today there are a lot of forecasts regarding Bitcoin for the near future, but analysts at Digital Asset Research, a cryptocurrency market research company, have made a more categorical statement that Bitcoin will skyrocket to $ 50,000 and this is primarily due to a decrease in mining rewards.
You mean this year? I would disagree with that, it seems unrealistic from where we are sitting right now.
If there's a positive effect this year, I believe price will only reach at least $20,000 and make a new ATH, maybe next year that $50, 000 is possible, but until we see a new ATH, I will not be too confident on the exact year, bitcoin will have its bull run at the right time, what is just easy now is to determine the buying period and I still think it's good to buy now if we haven't accumulate yet when btc was still below $10,000.
I do agree that we are still in the accumulation period. But I'm seeing the price somewhere around the $15k-$16k in October, still far from it's previous all time high but at least we are there. 2020-2021 will be a big game charger here. Everyone is expecting a massive bull run similar to 2017. Anyways, my point is that we really need to get more bitcoin overtime and then wait for the much anticipated bull run in the next couple of years.