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Why an investment firm believes Bitcoin will rally 430% in 2020 Why an investment firm believes Bitcoin will rally 430% in 2020
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Why an investment firm believes Bitcoin will rally 430% in 2020

While it posted a 90 percent gain on the year, Bitcoin didn’t fare too well in the second half of 2019, retracing by 50 percent from $14,000 to as low as $6,400 as a majority of mainstream asset classes posted astronomical gains on the back of central bank liquidity injections into the market.

Why an investment firm believes Bitcoin will rally 430% in 2020

Cover art/illustration via CryptoSlate

While it posted a 90 percent gain on the year, Bitcoin didn’t fare too well in the second half of 2019, retracing by 50 percent from $14,000 to as low as $6,400 as a majority of mainstream asset classes posted astronomical gains on the back of central bank liquidity injections into the market.

Despite this, an array of prominent investors believe the cryptocurrency will begin to push higher in 2020.

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