From outrageous price predictions to the future of altcoins, crypto analysts and industry leaders are placing their bets on the fate of digital assets in 2020.<\/p>\n
Here are seven forecasts predicting some major shifts in the year ahead.<\/p>\n
1. Twelve months ago, Bob Loukas, a Bitcoin trader and analyst, accurately predicted what the price of BTC would be at the end of 2019. Now, he thinks Bitcoin is headed for its all-time high near $20,000 by the end of 2020.<\/p>\n
In the absolute bear case, after a 6-month downtrend, expect a counter-trend move towards $10k-$11k before another big downtrend. If you think you will FOMO buy $10k then buy it now instead.<\/p>\n
Bob Loukas (@BobLoukas) December 26, 2019<\/p>\n
2. Mike Novogratz, the CEO of crypto investment giant Galaxy Digital, is also bullish on BTC, saying he expects the king coin to end the new year above $12,000.<\/p>\n
2020 prediction #1. @realDonaldTrump loses by more than 10mm votes. #2 $btc finishes over 12k. #3. @USAWrestling wins 3 golds in Tokyo (MF). #4 @tomhanks wins the Oscar for Mr Rodgers. #5 @reform and its partners help shrink the supervised population from 4.5mm to 4mm or <<\/p>\n
Michael Novogratz (@novogratz) December 28, 2019<\/p>\n
3. Changpeng Zhao, the founder and CEO of Binance, thinks numerous governments around the world will experiment with blockchain and their own digital assets.<\/p>\n
Says Zhao in an interview with Global Coin Research,<\/p>\n
I think in 2020, we will see different experiments tried by many different governments around the globe for adoption. Some will work, some may not, but overall, they will have a tremendously positive effect for crypto adoption.<\/p>\n
4. Ripple CEO Brad Garlinghouse predictsthat 10 of the 20 largest banks on the globe will begin to actively hold and trade digital assets in 2020 as fiat currencies go digital.<\/p>\n
Hes also predicting that at least one G20 currency becomes fully digitized by 2021.<\/p>\n
5. Decrypt columnist Matt Hussey echoed Zhao and Garlinghouses sentiments, predicting numerous nation states will roll out their own digital currencies this year.<\/p>\n
6. Jimmy Song, a Bitcoin educator, thinks BTC dominance will be at more than 75% by the end of the year. He also predicts lots of altcoin delistings.<\/p>\n
2020 Predictions Part 1:<\/p>\n
* Bitcoin dominance will be 75%+ at end of year* Taproot will be activated without much controversy* Bitcoin price will have a bottom to top difference of at least 100%* Halving will be the big narrative<\/p>\n
Jimmy Song () (@jimmysong) December 30, 2019<\/p>\n
2020 Predictions Part 2:<\/p>\n
* Lots of altcoin delistings* IEOs will lose steam* Some coin will be 51% attacked and cause an exchange to lose lots of money. Coin will go down less than 20%.* More coins will change to be merge mined with Bitcoin.<\/p>\n
Jimmy Song () (@jimmysong) December 31, 2019<\/p>\n
7. And last but not least, John McAfee now has only one year left to see whether Bitcoin reaches his sky-is-the-limit, dick-on-the-line forecast.<\/p>\n
When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. pic.twitter.com\/WVx3E71nyD<\/p>\n
John McAfee (@officialmcafee) November 29, 2017<\/p>\n
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