The head of the operational department of the OKEx cryptocurrency exchange, Andy Chung, is convinced that the price of Bitcoin will once again reach $ 20,000 this year.
. @ AndyC0125 from @OKEx #cryptoexchange says #Bitcoin get a bit higher than $ 20,000 $ BTC $ BTCprice #Bitcoinbulls #McAfee https://t.co/kbBPVX9H0Y
– U.today (@Utoday_en) May 29, 2019
In his opinion, most investors will not sell cryptocurrency until new historical highs are reached, despite the fact that its quotes have soared 180% in just three months.
“$ 20 thousand is a conservative bitcoin price forecast in 2019, as I said earlier. The rally will not stop, as more and more institutional investors come to the market, and in 2020 halving will take place. We are very happy to witness such a bullish trend, and I’m waiting for Bitcoin to reach the new highs it deserves. Bitcoin is not just a coin. It is a spirit that supports the whole industry, ”said Chung.
Large investors, apparently, are really increasing their positions on Bitcoin. So, earlier Diar analysts published a report , according to which the number of wallets that store from 1,000 to 10,000 BTC has increased significantly over the past nine months.
Recall, DataLight experts recently said that Bitcoin will soon enter a phase of exponential growth, similar to the 2017 bull rally.
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