Bloomberg expects bitcoin to double to $20,000 this year - Business Insider

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Bloomberg expects bitcoin to double to $20,000 this year, says something needs to go 'really wrong' for it to not appreciate

five reasons why bitcoin should be avoided by investors.

The most popular cryptocurrency has so many favorable fundamental and technical factors that "something needs to go really wrong for bitcoin to not appreciate," Bloomberg said. The company said history indicates bitcoin should return to $20,000 in 2020, representing roughly a double from current levels.

"Bitcoin will approach the record high of about $20,000 this year, in our view, if it follows 2016's trend," according to Bloomberg. The maturation of bitcoin, fueled by the growing acceptance of digital currencies, the ability to trade bitcoin futures, and a steady decline in volatility, should keep it tilted toward price appreciation, the research note said.

 

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Italy chooses INNBC token over BTC as a preferred means of payment. INNBC the biotech coin with a real world utility in a number of Italian stores accepted as a means of payment with great discounted prices with respect to fiat payment.

WRONG. THATS NOT WHAT BLOOMBERG SAID.

🚀

But what's bitcoin , why i dont buy Gold or silver than bitcoin.? Why i buy fucki*g bitcoin.

joey_terry

Former Future President Bloomberg? Lmao.

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