Post
Topic
Board Speculation
Re: Will Bitcoin exceed 20k this year like in 2017?
by
KTChampions
on 25/05/2020, 23:38:20 UTC
Well, it had possibilities, even in January, I thought we are gonna have another bull run like 2017, but after Coronavirus and all this harm throughout the world, my expectation is gone now! I don't think it will happen this year, there was huge hype about the Halving but you saw Bitcoin price did not increase enough. Though I don't want to mention 3800$ collapse, that was manipulation for a very limited time.

But theoretically speaking, this whole situation with the virus is a serious crisis. Bitcoin is an anti-crisis asset and therefore such conjuncture should contribute to an increase in its prices, right? I think the situation will be clearer after the situation with the virus becomes more predictable - at the moment there is no clear model that would describe the end of the epidemic.