RATE Group | Nexo co-founder believes that Bitcoin will reach $50K in 2020
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Nexo co-founder believes that Bitcoin will reach $50K in 2020

07 Jan Nexo co-founder believes that Bitcoin will reach $50K in 2020

Posted at 07:27h in Bitcoin News by

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  • Antoni Tenchev says Bitcoin is an incredible asset, which delivers systematic asymmetric returns.
  • He also shared his views on why Bitcoin has not become an established method of payment.

In an interview on Bloomberg TV’s “Bloomberg Markets: European Open,” co-founder of Nexo, Antoni Trenchev, said that Bitcoin’s price can very easily” reach $50K by the end of 2020.

I think that very easily we could see Bitcoin going up to $50,000 by the end of this year. We have our analysts at Nexo crunching the numbers, doing very substantial research… it’s the halving coming up because, you know, the rewards for miners are dropping… Last time this happened, Bitcoin rallied 4000%. And it’s been an incredible asset — uncorrelated to the overall market, it delivers systematic asymmetric returns..

When asked why Bitcoin had not become an established method of payment, he answered:

Well, that’s a very good question. I mean, the initial idea was we’re gonna pay…

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