Billionaire Investor Predicts Bitcoin Will Be Over $12k This Time in 2020

Ever since Bitcoin’s meteoric rise to highs of $20,000 in late-2017 and subsequent drop, analysts and prominent figures within the industry have all been offering price targets for where they expect BTC to surge to over a fixed time period.

Although some of these predictions have been lofty and unrealistic, one billionaire cryptocurrency investor is now explaining that he believes Bitcoin will be trading at over $12,000 at this time next year, meaning that 2020 could hold some decent upwards momentum in store for the cryptocurrency.

Bitcoin Stuck in Lower-$7,000 Region; Will It End 2019 on a Low Note?

Currently, Bitcoin is trading sideways at its current price of $7,350, which is around where it has been trading for the past several days and weeks, with every attempt by bulls and bears to spark a big movement being futile.

This pattern of sideways trading comes on the heels of Bitcoin’s recent drop from its late-October highs of $10,600 that led it as low as $6,400. Bulls were able to ardently defend $6,400, although its inability to extend the upwards momentum that was incurred after this drop has signaled that bulls may be somewhat weak. Read More...