I don't know what's going on in the market? This whole Bitcoin Pump feels unreal when we are at a Global Panademic? What is the reason for this Pump and we have Youtubers who are asking people to buy at this price and we are going to the moon? Is this an ethical practice, I am seeing a lot of new people who are entering the market (In Twitter and Youtube). I think a lot of newbies will invest their stimulus check in Bitcoin.
What do you guys think, how will Bitcoin's price react to COVID19? Does the Price Surge justify the current world economy? What is your Bitcoin Price Prediction for the year end and which alts do you guys think will shine in 2020?
Thank You for Answering.
The truth is no one knows and it could go either way, let me explain, the price of bitcoin could go down because as you say we are going to face very difficult economic circumstances during the next months and years and as people get scared because of it they could decide to get their money out of a speculative asset like bitcoin.
However it is entirely possible as well that the price goes up as governments keep printing more and more currency in order to solve their problems and people finally realize that holding fiat currencies does not make sense, and they decide instead to support a form of money that cannot be printed that will and that has no direct relationship to any government around the world.