If the pattern of the last two rallies. This year bitcoin rose to more than 9 000 and now hovers around 8 100. In 2018 it again lost 85 of its value to 3 200 but still above the 2015 high.
Top 5 best cryptocurrency exchanges 2020. In the early hours of sunday it was in the 12k highs. Bitcoin was looking solid and bulls were in control for the most part of last week.
The world s largest cryptocurrency has been making the. Whether due to a lack of trust in a country s financial system or simply because new speculators want to make money everyone s talking about bitcoin again. The mainstream media is talking about bitcoin again and suddenly everyone wants to know how profitable will bitcoin be in 2020.
Following the upcoming halving rewards. The term halving refers to a programmed in event in bitcoin s code which reduces the reward per block mined by 50 every four years to control inflation. The bitcoin price was down by almost 50 late last night falling to lows of 3 850 per bitcoin.
Bitcoin has massively crashed losing about half its value over the last seven day trading period. Schiff predicts a price drop for btc again. He reasoned that the demand will fall after the event which will result in a bearish btc future.
Prominent american economist and well known bitcoin critic peter schiff believes that the price of the asset will drop following the upcoming halving.
