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.
I would expect the price of bitcoin to not rise as high as people expected. The economy is now on the verge of crisis and if the US stock markets and major countries around the world collapse, so will bitcoin. then people will hoard fiat money to reinvest at a more appropriate time. The worst thing is that the price of bitcoin could not surpass $ 11k8 this year. that will make most miners lose a lot of money and maybe bitcoin will be sold again. In short, covid 19 will impact heavily on bitcoin and if the translation is not controlled early, things will be very bad in the future.