Specialists find it difficult to predict bitcoin price
The so-called crypto market gurus made projections about bitcoin value up to US $ 22,000. But, the downward trend has been maintained with short duration recoveries
The year 2019 ends with cryptocurrencies price fluctuation. The bitcoin value, the pioneer digital currency, goes up and down, which envisages risks for investors not only at the end of the month but also at the beginning of 2020.
At different times of this year, renowned specialists in the crypto ecosystem such as Michael Novogratz, Anthony Pompliano, Naeem Aslam and Alex Kruger, made their predictions about the price of bitcoin. Although according to these crypto universe gurus it was safe and advisable to buy and sell bitcoins, now the scenario is uncertain.
The volatility of bitcoin has increased. A downward trend has maintained for several months, with sporadic increases that dissolve in a matter of days or hours.
Although the cryptocurrency market is not as speculative as that for fiat money, there are other factors that question the stability of the digital asset as a means of investment.
An example is the process called halving, which will be applied in June 2020 and consists of reducing by half the stipulated bitcoin production. That is, instead of producing 1,800 BTC, 900 will be issued. In this regard, some analysts remain hopeful that a price increase has happened to the previous reductions.
The transition to a new year is undoubtedly marked by uncertainty. However, trading with BTC remains, beyond the current shaky market, thanks to the security, speed and transparency of transactions.
M.Pino
