With 2019 coming to an end, Bitcoin is expected to double its growth rate at the end of the year compared to the beginning of the year. Bitcoin's long-term trend is still very strong, and these growth are likely to continue in the coming years.
Bitcoin grows over 90% year-on-year
Last Christmas (2018), the price of Bitcoin was about $ 3,800. At this time, Bitcoin experienced a brutal bear market blow, which was more than 80% lower than the previous year's historical high.
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Twelve months have now passed, and the king of cryptocurrencies is still standing at around $ 7,300 after correcting nearly 50% again. Bitcoin's price lows are getting higher and higher, and the gains for those investors who bought and sold at the right time continue to grow.
In a year in which almost all other cryptocurrencies are suffering, Bitcoin has achieved more than 90% increase this year. If this pattern continues and there is a bull market after Bitcoin halves, the lows next year are likely to reach five digits.
Trader and analyst Josh Rager has been following the earnings trend and believes that the potential earnings of Bitcoin will be greater in the next few years.
If we see BTC reach 75,000 to 100,000 in the next few years (not necessarily 10 years), then this means that we can see a potential return of more than 1000%.
Blocktown Capital managing partner James Todaro shared an infographic showing that Bitcoin outperformed all top stocks in 2019 and has been the best performing asset for the past decade.
As crypto assets gain more momentum and become mainstream, there is no reason why these gains will not continue to be made.
In just a few years, BTC has gone from a geeks experiment on a gaming platform in the garage to a globally tradable asset.
Many analysts expect Bitcoin to hit an all-time high in 2020, especially given the halving sentiment driven by FOMO (Fear of Missing). The recently rigorous analysis of the Stock-to-Flow model shows that the price of Bitcoin will be around $ 50,000.
Blockchain Capital partner Spencer Bogart believes that BTC will develop vertically next year, which will be the fifth era of digital assets.
BitMEX research also made some predictions for 2020, but the peak forecast for Bitcoin is $ 15,000. It also shows that the market value of Bitcoin (currently more than 70%) will not exceed 75% in 2020, but will remain above 30%. Of course, these crazy predictions have a large margin of error.
Most importantly, except for a few competing currencies this year, Bitcoin has outperformed all other currencies. The competitive currency season has not come, and high-market assets such as Ethereum and XRP will be lower by the end of 2019 than at the beginning of the year.
As the end of the year approaches, price predictions abound, but most people think upward is the only direction for BTC.