TOM LEE: BTC To Hit Historic Highs By 2020
Founder of Fundstrat Global Advisors Tom Lee has predicted in an interview with CNBC on April 28 that cryptocurrency prices will hit new historic highs by 2020. During the interview, Lee anticipated that Bitcoin (BTC) is yet to complete its upward movement and will reach an all time high based on “11 signs that historically only take place in a bull market”. Lee further explained that three out of the 11 signs are already having a positive impact on BTC, indicating that the crypto winter has seen its end. These signs include Blockchain, technical indicators and trading volumes. In January …
BITCOIN MAKES 457% RETURN IN 2 YEARS – DOW LEFT FOR DEAD
If you invested in Bitcoin two years ago chances are your spending your returns to travel the world, eat out at expensive restaurants, buying holiday homes around the world or making further investments. In the last two years alone Bitcoin has made a return of more than 457%, outperforming the S&P 500, oil, gold and the Dow Jones. To Put things into perspective for you, below is what the other investments would have made you over the same two-year period. S&P 500 – 19.9% Gold – 1.3% Oil – 31% Dow Jones – 26% Bitcoin – 457% These large returns …
Bitcoin History Repeats Itself: Block Halving To Kick Start The Next Bull Run
BTC (Bitcoin) is set to halve in the year 2020 and for the serious investor who considers crypto currencies as a lasting asset, this block reward halving that is set to happen could not come at a better time. This event will fuel the upward spiral of the price of BTC making it a positive financial catalyst for all investors involved. Historically if we look at when BTC has been halved in the past we can see the same positive upward trend repeat itself. Halving’s are the most bullish events in BTC history. In November 2011 BTC was worth $2 …
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