Re: BTC 20,000 USD by the year end.

Quote from: gunhell16 on October 28, 2019, 02:26:58 PM

Have you read the news that Bitcoin might be able to reach 20,000 USD before the year ends? Maybe we can't achieve the 16K this month but we are still having a good year.
You must see the new and read the full stories. https://bitcoinist.com/3-reasons-bitcoin-price-may-hit-20000-by-year-end/

bitcoin dominance as of now:

Quote

October 28, 2019, 02:22:35 PM

67.8%

All of the three reasons aimed at bringing more volume to Bitcoin specifically.
Dominance is likely to increase as people are losing faith from altcoins and the shift from altcoins to bitcoin will continue.
Second, China is a country with huge crypto volume. If as stated, crypto friendly regulations are expected in december, then yes, it will have a positive effect on the market. At least the speculation will take the price for an upward rally.
Third, Bakkt hasn't been able to make much a difference by now. That's why I don't much believe that launch of the option trading would make much a difference. But that in combination with Chinese news can help boost the price.