Why Bitcoin Will 2x in 2020 | BTC and Crypto Comparable to Early Internet | Bitcoin News


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Many compare bitcoin to the early days of the internet since they are both examples of emerging technologies. And similarly, within the first decade, it was clear the internet could be used for commerce, interpersonal communications, marketing, and education. Bitcoin's intrinsic value is below the market price according to JP Morgan’s strategists and the gap between the intrinsic value suggests that Bitcoin is on the risk of more breakdown.

Three major factors, Fudstrat co-founder and Bitcoin bull Thomas Lee took to Twitter with the findings from the firm’s 2020 “Crypto Outlook.” Bitcoin prices have reclaimed the psychological $8,000 barrier again recently and continue to crank higher as weekend trading commences. Momentum is clearly building in the Bitcoin markets. Options markets are indicating that there are available call options for a $12,000 strike price one month after the halving. Support held at $7,700 and the asset is on track to re-tap resistance at $8,400 if the bulls can keep up the buying pressure.



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Why Bitcoin Will 2x in 2020 | BTC and Crypto Comparable to Early Internet | Bitcoin News

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  1. Fully agreed, it’s still the mid-90s in this respect.

    Looking at some other quality use-case alts to shoot for the moon too, ALGO, BAT, ENJ and various others all have the fundamentals for mass adoption further down the line (not too far!!).

  2. Why would anyone even talk about Lee’s predictions, he was wrong 99% with every prediction he made in the past and he will be wrong again and again. Lame as lame can be.

  3. Thomas Lee almost always predicts BTC’s price will increase. Peter Schiff always predicts the price will drop. Neither is very often correct. I would never rely solely on either one of them. But, both offer perspectives and information that’s helpful in coming to one’s own conclusions.

  4. Looking into the general financial market you will see that bitcoin is already breaking bounds first by not being tied to any financial regulation and secondly a great asset for generating wealth and we are currently on the verge of a great bull run which would see bitcoin beat it’s all time high price so now’s the time to accumulate and increase your holdings not just by DCA but by trading under supervision of an expert. I am currently trading with trade signals provided by Allan Shaw who happens to be the best signal provider there is today in the crypto space. His signals are simply amazing and I grew my portfolio from 1 btc to 8 btc in just two months. We need more experts like Allan to shed more light on this profitable market. He can be reached on Whatsaap *( +48 732121976)* or Telegram *(@Allanshaw)* for any crypto related assistance.

  5. My interest in my real estate business was renewed after having accumulated 4 btc in a month with Mr Allan’s signal. I now see trading as a means to an end if i can put in more effort and resources

  6. Allan was very resourceful and helpful to me as well. I started trading a fairly small account and i got over 200% within one month. We need more traders like him in the space to guide the teeming population of crypto enthusiasts and traders out there

  7. The new year hold a lot for bitcoin and its dedicated enthusiasts and Allan is someone who is worth his salt in the trading business. I have benefited a lot from his trade system

  8. He is the most practical trainer out there. When i contacted him, he didn’t embarrass me with a bunch of technical terms and all that. He was very plain, approachable and made me understand the concepts of winning in plain English

  9. Bitcoin and the Internet is such a good comparison. We are still pretty early in the crypto space. Once you understand Bitcoin, you understand that it’s not a matter of if, but only a matter of WHEN Bitcoin is going to get mass adoption!!!
    Help raise crypto awareness by wearing a BTC embroidered hat or maybe a BTC hoodie from bitcloth.shop 🙂 I just opened shop yesterday and it would mean a lot if you checked out my site 😁

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