Bitcoin is the bet of Fundstrat this 2020
2020 Crypto Outlook
This is the name of the report that the people of Fundstrat to address the issue of cryptocurrencies in general. The way they released their document was through the official account of its founder, one of Bitcoin's fans, Tom Lee.
“We published our Crypto 2020 perspective and made the full report available to our customers. Final result: financial markets tend to discount 1 to 3 months, and perhaps 6 months (maximum). So, the highest probability is halving without price. ”
Highlighting the image that annexes Read about Bitcoin returns for people who decide to invest in the currency.
"3 positive convergences: Halving + geopolitical risk + 2020 elections = 100% return for crypto".
He is posing that the Bitcoin Halving scheduled for this year, the geopolitical risk that surrounds the world and the US presidential elections are what will stimulate the price of Bitcoin. In addition, they propose that 2020 will exceed the years 2018 and 2019, arguing that investors will obtain a 100% return.
This implies that if a person invests $ 1,000 in Bitcoin, the price will rise to the point that at the end of the year investors will have $ 2,000 valued in Bitcoin.
“By 2020, we see several positive convergences that improve the use case and also the economic model for crypto and Bitcoin; therefore, we believe that the total performance of Bitcoin and crypto should exceed that of 2019, notes an excerpt. ”
Will the halving be positive?
In addition, it should be noted that for Fundstrat it is assuming that Bitcoin Halving will be a positive event for the currency. This differs from some opinions that we have stated on previous occasions.
On the other issues, they do coincide with what was raised by various analysts, considering the geopolitical issue as drivers. Demonstrated at the beginning of the year with the theme of Brexit and Iran-United States.
Therefore, we would like to know your opinion about what was raised by Fundstrat, particularly if it coincides with the theme of Bitcoin Halving. In addition, know your expectations for this year 2020 with respect to the crypto market in general; highlighting if you expect your return to be greater this year than in 2018 and 2019.
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