Home / News From Nigeria / Breaking News / Will Bitcoin break new records in 2020?

Will Bitcoin break new records in 2020?

Marco, the most accurate chart I’ve found is a composite by PlanB, who is active on Twitter. His stock to flow model perfectly covers the historical BTC price changes from 2011, based on logarithmic growth.

Based on past performance, BTC should surpass it’s old ATH of $19,700 in late 2020/early 2021, then gradually rise to a new ATH of around $180,000 by late 2021.

As to the million dollar question of ‘Will altcoins surpass their 2017 ATHs?’, I can only say that no other cryptocurrency performs as a stock-to-flow product.

BTC is highly predictable in price performance.

Altcoins are highly unpredictable and only the top 10 altcoins show significant price growth year-to-year.

Proof-of-work and logarithmic price have a decade of correlation, leading to a stable long-term store of value for Bitcoin. No other cryptocurrency comes near it, especially its ‘rival’ Ethereum, which if anything, will drop in price as decentralised finance grows exponentially on ERC-20, ERC-115 and ERC-1404 coins.

From Twitter today…Via BBNB


Send Money To Nigeria Free

About scully009

Get Daily Altcoins trade Signals. Password to the link can only be handed over to viewers via the whatsapp group link. To get Password to the Link Join the group link and ask for password- https://bit.ly/2rIqsTx (Telegram) https://bit.ly/2IBGeJt (Whatapp)

Check Also

Almost ₦3.24 Trillion ($9 Billion) Worth of Bitcoin Moved On-Chain in 1 Hour: Record

On Dec. 4, $8.9 billion in Bitcoin (BTC) were shifted the blockchain in one single hour, excluding change volume, that will be Bitcoin that returns to the sender. Bitcoin’s high transaction volume was stated by Rafael Schultze-Kraft, the co-founder of on-chain market intelligence firm Glassnode. In a tweet on Dec. 4, he claimed that this kind of high hourly transaction value was an initial for the network: “It’s the highest hourly USD transaction volume in Bitcoin’s history.” Bittrex is in ...