Oliver Isaacs has come out with some very strong words on the potential for Bitcoin to go wild for the rest of 2019 and start 2020 above all time highs. Isaacs is of the belief that the global economic uncertainty surrounding US-China, alongside wider unease in more mainstream markets is pushing sentiment towards Bitcoin becoming a ‘safehaven’.
“I believe bitcoin has the potential to hit $25,000 by the end of 2019 or early 2020. There are multiple drivers behind the recent resurgence. There are geopolitical, technological, and regulatory drivers. The net effect of the trade war between the U.S. and China has led to a sudden interest in bitcoin as a hedge on investments.”
BTC $25000 in 2020
Crypto Analyst Oliver Isaacs thinks yes
The wider adoption of cryptocurrencies and Bitcoin as payment methods in general in more mainstream retail outlets has also been mooted as a reason for the upward spike.
Our view is that sentiment is definitely on the upside since the 2018 losses but that it will likely take a little longer than 6 months for BTC to crash through it’s all time highs and a little more regulatory support before this happens. Time will tell.