RATE Group | Crypto CEO: Bitcoin Will Hit Record High of $30,000 in 2020 for This Reason
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Crypto CEO: Bitcoin Will Hit Record High of $30,000 in 2020 for This Reason

05 Feb Crypto CEO: Bitcoin Will Hit Record High of $30,000 in 2020 for This Reason

Posted at 03:59h in Bitcoin News by

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The Bitcoin halving plus geopolitical demand drivers may push Bitcoin above its previous all-time high in 2020. The CEO of the crypto asset startup Celcius believes that the combination of the two could see the leading digital asset reach as high as $30,000 before the end of this year.

Alex Mashinsky believes that most people underestimate the impact the halving this spring will have Bitcoin price. The increasingly entrenched “store-of-value” narrative in an increasingly unstable world may drive the price up sooner than most people think.

Will Bitcoin End the Year at a New High?

This year is an important one for Bitcoin. The quadrennial halving is set to take place this spring. The event will see the number of new BTC hit the market with each block cut to 6.25.

As NewsBTC has reported many times previously, the industry is expecting the Bitcoin price to react positively to the Bitcoin halving. However, most popular price models anticipate the real post-halving gains will occur in…

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