Bitcoin is expected to be worth twice as much at the end of the year as it was at the beginning of the year. The long-term trend is still strong – and these gains are likely to continue over the next few years.
Bitcoin rose over 90%
Last Christmas, the Bitcoin price was around $ 3,800. It had been through a brutal bear market, dropping over 80% from the all-time high of the previous year.
Twelve months later, the “King of Crypto” holds the $ 7,300 mark after a further correction of almost 50%. The lows are getting higher and the profits continue for those who buy and sell at the right time.
In a year that has been extremely painful for almost all other cryptocurrencies, Bitcoin has gained over 90%. If the pattern continues and there is a bull run after halving, the low could be well into the five-digit range next year.
Trader and analyst Josh Rager has looked at equity returns and sees even greater profit potential for Bitcoin in the coming years.
Blocktown Capital’s managing partner, James Todaro, shared an infographic that Bitcoin has outperformed all top stocks for 2019 and has had the best performance over the past decade.
There is no reason why these gains won’t continue as crypto assets are gaining momentum and going mainstream.
In just a few years, BTC has evolved from an experiment mined by geeks to gaming rigs into a globally tradable asset.
Stock-to-flow predicts $ 50k
Many analysts expect a new all-time high in 2020, especially with the halving FOMO. The stock-to-flow model also points to a price in the $ 50k range.
Blockchain capital partner Spencer Bogart believes BTC will rise vertically next year – the “fifth era” for the digital asset.
BitMEX research has also made some predictions for the coming year, but with an upper limit for Bitcoin at $ 15k. The dominance, which is currently over 70%, should not exceed 75%, but should remain above 30%. With these wild predictions, there is a lot of room for error.
Conclusion: Bitcoin has surpassed all others this year except for a few altcoins. There was no old season, and assets like Ethereum and XRP will end lower in 2019 than they started.
Price forecasts are plentiful at the end of the year – and most agree that the only way for BTC is up.