BitPay's Chief Commercial Officer: It's too late to adjust the prediction that Bitcoin will reach $ 20,000

Early Planet Daily News In January of this year, Sonny Singh, chief commercial officer of BitPay, mentioned that "unforeseen events" in the cryptocurrency field may be a catalyst to help Bitcoin reach $ 20,000 by the end of this year. Now, Singh said, the current outbreak of the coronavirus may be such an event. However, it is too early to talk about revising this price forecast. Singh said the epidemic was "certainly one of the unforeseen events affecting the price of bitcoin" and that there were other factors, such as the Indian Supreme Court overturning the Bank of India's crypto ban on banks, and India will again allow crypto-related activities . Subsequently, the South Korean parliament also passed a "landmark" crypto bill, a special financial law, covering the crypto exchange license system. Singh explained that, so far, the negative impact of the epidemic on the price of Bitcoin has been very limited. influences."