There are very few who back their predictions. There have been a lot of speculations about Bitcoin price soaring in 2020.  Some stated that as the price of gold increases, the value of the Bitcoin would increase. Thus connecting the cost of Bitcoin to Gold to establish its superiority.

Competition leads to innovation, and therefore the good thing is that Bitcoin and other cryptocurrencies will continue to compete with each other.  For different reasons, there is a general expectation that the price of the Bitcoin will reach $14,000.

Bitcoin will increase in supply by 2.5%

There will be a 2.5% increase in the supply of the Bitcoin in the current year.  Thus, sustaining the supply and demand ratio required to establish scarcity.  Bitcoin has a well-established status when it comes to reliability for mass adoption.

The prediction patterns for Bitcoin have been too bullish and too bearish, and some are too pessimistic to call it true. These price predictions do have an impact on the investors; however, whether they make things comfortable for the investors or confuse them is a thing to ponder about.

Sydney Ifergan, the Crypto Expert, tweeted:  “There have been short and long term predictions for Bitcoin. Irrespective of whether they are correct or incorrect, they do cast their influence in the way people think whether for good or bad.”

Bitcoin prediction Streamlining

To ward off the bearish pressure on the Bitcoin price trends, the BTC/USD pair need to touch upon the $8,450 price line. There are a lot of changes in the financial landscape, particularly when it comes to alternative finance.

For every new block mined, the miners are currently getting 12.5 bitcoins.  This will be reduced somewhere around May 2020 to 6.5 Bitcoins. This reduction happens with halving for every 210,000 blocks. The decline of the reward is said to serve as a triggering factor for buying Bitcoin urgently.

A lot of predictions and a lot of critical reviews about the predictions are taking the market towards a certain degree of certainty.  While we have not reached a point where predictions can rely on 100% Perhaps in the future, we will have better prediction models to derive price trends. For now, there are very few factors we know as being the influential factors moving the price.

When we can differentiate between ridiculous predictions versus reliable Bitcoin Predictions, the self-interest of investors will become scalable. We need to work with an ideology that is more than “in my opinion.” When thinking about scalability improves, mass interest will further streamline.