The Currency Analytics
By Steven Anderson
More Than 100% Bitcoin, Fundstrat Expects
Key Reasons Why Bitcoin Has 100% Probability of 100% Gain in 2020
Another Market Analyst Expects the Same Fate for Bitcoin This Year
Last January 11, Bitcoin successfully bounced back, which gained $8,000 decisively. Through its latest moves combined with key developments, it’s no surprise why top analysts…
According to top market research company Fundstrat Global Advisors believes that Bitcoin has a big chance of delivering 100% returns to crypto investors this year.
Fundstrat Global Advisors, a New York-based sector research and market strategy research firm, finally released its this year’s Crypto Outlook.
Currently, the full report claiming that BTC can gain 100% in 2020 is only available to the clients of the firm.
An excerpt of the same states that “For 2020, we see several positive convergences that enhance the use case and also the economic model for crypto and Bitcoin - thus, we believe…
As emphasized by Fundstrat, BTC has a strong probability to gain >100% in 2020 because of several factors.
First, they looked to the “halvening” or “halving” as the block reward of BTC gets divided in half.
Next factor is the geographical risk. According to the firm, this factor can be an advantage for BTC. Due to the ongoing conflicts between the U.S. and Iran, the U.S.
Lastly, Fundstrat considered the 2020 elections. Although this factor isn’t long-drawn-out upon, there are a few candidates who are known to be more cryptocurrency-friendly…
Fundstrat is not the only extreme bull on Bitcoin this year as well as predicts for the crypto in gaining 100%.
Based on Financial Survialism which called BTC’s rally to the $8,000 in the previous reports, the technicals suggest that a great bull trend is forming.
The analyst further stated that crypto could retest the $20,000 high by July 2020.