Eyes on price of Bitcoin as 2020 draws to a close

[vc_row][vc_column][vc_column_text wrap_with_class=”no”]

Bitcoin is on the rise, where will it end up?

 

[/vc_column_text][vc_column_text wrap_with_class=”no”]Bitcoin has been on the rise again, since falling in March to its low of $3600, Bitcoin has retested the $12,000 area several times. If it does escape the price of $12,000 we would be looking at $13-$14,000 with some major resistance. [/vc_column_text][rs_blockquote cite=”Luuk Strijers, CCO at the crypto derivatives exchange Deribit”]This money printing and lowering of rates might actually turn out to be a driver for more interest in bitcoin as a hedge against fiat  [/rs_blockquote][vc_column_text wrap_with_class=”no”] Institutional investors have been pouring liquidity into this market this year.  We have seen several hedge funds, and bank funds purchasing hundreds of thousands of bitcoins this year, using it as a hedge against fiat, instead of Gold.  Gold was once the standard, and people are turning towards Bitcoin, as it is more divisible & easier to carry.  If Bitcoin proves it can be around long enough, it will replace Gold as the standard hedge against fiat.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][rs_space lg_device=”40″ md_device=”” sm_device=”” xs_device=””][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner width=”1/2″][rs_image_block image=”419″][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text wrap_with_class=”no”]Where to purchase: UnstoppableDomains has both .Crypto and .Zil domains for purchase.  Make sure you reserve your name today!  Buy them for life, one time cost.  Carry them in your own wallet. Visit unstoppabledomains today.

Best Wallet: Metamask is a new and unique way of storing domains on your wallet.  Turn your browser into a wallet.  Find out more.  

[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][rs_space lg_device=”60″ md_device=”” sm_device=”” xs_device=””][vc_column_text wrap_with_class=”no”]

Post halving rally

[/vc_column_text][vc_column_text wrap_with_class=”no”]If we take a look at previous trends, our question of will price increase becomes validated.  After a halving, Bitcoin has been shown to increase by 1000% – 2000%, Bitcoins previous high was around $1200, falling to $250 for an elongated time, before making a brand new high at $20,000.   We think the same thing could play out this year, into next year.  As the value of the dollar is weakened, we think this could have an exponential effect on the price of Bitcoin. 

After a halving, the limit of quantity becomes very real.  This leads to the market starting to wake up again, which in turn leads to hype.  Once Bitcoin becomes hyped, it really turns into its own storm.  We could see prices of $20,000, $50,000, and even $120,000.  [/vc_column_text][rs_image_block image=”424″][rs_space lg_device=”30″ md_device=”” sm_device=”” xs_device=””][vc_row_inner][vc_column_inner width=”1/2″][rs_image_block image=”422″][/vc_column_inner][vc_column_inner width=”1/2″][rs_image_block image=”423″][/vc_column_inner][/vc_row_inner][rs_space lg_device=”30″ md_device=”” sm_device=”” xs_device=””][rs_image_block image=”421″][/vc_column][/vc_row]