Analyst Fundstrat Global Advisors, in its forecast for Crypto Outlook 2020, said that in the coming year, bitcoin is likely to bring investors more than 100% profit.
The report is only available to the firm’s customers, but Fund Lee’s co-founder Tom Lee released his key findings.
The most important factors that will contribute to the increase in the price of the first cryptocurrency are named halving, geopolitical risks and the election of the US president.
Analysts recalled that the return on investment in bitcoin for 2019 was 92% and exceeded the indicator of all major asset classes. At the same time, it was achieved against the background of increased attention of regulators and harsh criticism of the first cryptocurrency by US President Donald Trump.
Fundstrat is confident that in 2020 several favorable factors for bitcoin will converge and “digital gold” will surpass the success of last year.
Experts also believe that the upcoming halving is not yet included in the price of cryptocurrency.
Earlier on this issue, the opinions of the co-founders of Morgan Creek Digital were divided: Anthony Pompliano said that halving the block reward would increase the price of bitcoin, and Jason Williams predicted the absence of any effect of the event on quotes.
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