RATE Group | Bitcoin May Surge 1,300% by End of 2020
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Bitcoin May Surge 1,300% by End of 2020

16 Dec Bitcoin May Surge 1,300% by End of 2020

Posted at 15:58h in Ethereum News by

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2019 proved to be a rough year for the crypto markets, with Bitcoin and most major cryptocurrencies incurring mixed price action that favored bulls in the early part of the year while facing bearish price action in the latter part.

Ross Ulbricht, the founder of the now defunct Silk Road marketplace and a Bitcoin advocate, explained in a recent blog post that he believes there is a strong chance that BTC could end 2020 at $100,000.

Silk Road Founder Claims Bitcoin Could Soon Target $100k

At the time of writing, Bitcoin is trading down marginally at its current price of $7,130, which marks a notable decline from its one-month highs of nearly $9,000 that were set in early-November.

This short-term downtrend has done significant damage to the market sentiment amongst investors and has led many analysts to believe that the cryptocurrency will see significantly further downside in the near-term.

In spite of this, Ross Ulbricht, the founder of the now…

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