Should You Buy Gold Or Bitcoin?Forex offers an excellent opportunity to invest for people around the globe. Conferences can be sponsored by private groups, academic institutions, consortiums, blockchain projects, platforms, developers, and other organizations, including the popular Ethereal Summit put on by Consensys, and cryptocurrency and dApp platform TRON, with there niTROn Summit.
It's hard to accurately predict Bitcoin price, but considering the upcoming halving and historical data, I believe that minimum value will be around $6,500 and maximum value during hype can reach around $80,000, with a new solid bottom at around $15,000.
In the upcoming webcast, Bitcoin In 2020: What Financial Advisors Need To Know , Matt Hougan, Global Head of Research, Bitwise Asset Management, will examine the expansion of the cryptocurrency universe, reveal data from their recent survey of financial advisor attitudes towards digital currencies and consider the outlook for crypto and blockchain technology in 2020.
The website mentioned elucidates that in cases where the index enters the Fear” region, it is a clear indication that investors are fearful which is a good buying opening, while when it gets into the Greed” region, it means that the market might witness a retrace soon.
The approval of a publicly traded bitcoin ETF would also very likely boost the price of bitcoin to new highs as the above-mentioned institutional investors, as well as private investors who are not very versed in technology, would now be able to freely invest in the digital currency through the ETF.
Before the end of 2019, the price of Bitcoin will fall even lower, beyond $6,500, due to another crackdown having been launched by China, unless a stronger determinant like the bullish speculation surrounding the Bitcoin 2020 halving event overpowers this fear.
Although stock markets could be set to power higher going into 2020 following the calming of nerves around the US-China trade dispute and the return of political stability to the UK, that doesn't mean the global economy will deliver the sort of industrial production surge that could drive crude prices higher - or those of other cyclical commodities such as copper, stuck in a downtrend since May 2018.
Before going further, it is important to say that the Bitcoin price will make a further fall in the short term as a key support line has recently been broken, and unless the price is held by a concentration of buyers further down the price curve, the price may touch close to $6,500 in the short term if the $7,000 support line is broken, make a rebound into the $7,500 and $8,000 price zone and then head back above $10,000 over the medium term.