Where Will Bitcoin Stand In 2020?

September 3, 2017

A realistic projection for Bitcoin will estimate Bitcoin success for its upcoming years.

According to analyst Ronnie Moas who sees a $15,000-$20,000 value by the endings of 2020.

Cryptocurrency daily transaction numbers have been growing steadily. Views from Coinmarketcap, Bitcoin’s daily trading volume is about 400,000 BTC per day while only 1.7K new Bitcoins are created through the mining process each day.

The next halving in 2020, the number of Bitcoins mined each day will drop to around the 850 range. By the subsequent halving in 2024, there will only be nearly 430 new Bitcoins produced each day. Some time around 2032, nearly 98% of all bitcoin to ever exist (21M) will have been mined. After that, people will spend the next 100 years trying to get their hands on the remaining 2%.

Eventually people would be likely to realize that nearly all the Bitcoins ever to exist have already been mined, and there aren’t nearly enough Bitcoins to go around. When this happens, there will likely be major “fear of missing out” and prices should climb accordingly. If the price continues to rise as it has this year.

Bitcoin 2020 Via image Google