BitMEX CEO: BTC could rise to $ 20,000 by 2020

BitMEX CEO Arthur Hayes said bitcoin's volatility could be large next year. He believes that Bitcoin may fall to $ 3,000 and rise to $ 20,000 in 2020, depending on the performance of BTC miners and fiat currencies. If inflation rises and Bitcoin's status as a store of value is maintained, BTC may return to a record high. The bottom of the potential Bitcoin price range next year is the break-even point for miners. If BTC "returns to the bearish zone," it could fall to a low of $ 3,000. Libra is a positive development for BTC and may become a gateway to real cryptocurrencies such as Bitcoin.