Bitcoin price forecast for may 2020

1. bitcoin's price exceeded US $15000, the highest level since January 2018. Meanwhile, global technology stocks and bond markets also expanded their gains. However, the price of bitcoin soared to more than $20000 in December 2017 and plummeted by 50% the following month. The trend of bitcoin is not clear, and it is difficult for investors to profit from it. Therefore, there are various new trading modes of virtual currency on Mr. optionmr options platform, which only judge the rise and fall, and have nothing to do with the range of rise and fall, and can make profits in the shortest 30 seconds. This is also a popular mode at present.

2. In the long run, the price of bitcoin is still low. With the increasing demand of bitcoin in the mainstream society and the limited total amount, its price will be higher and higher. Therefore, it is suggested to invest a little spare money. Maybe it will be a sum of money that can provide for the aged when you retire. Buying bitcoin is also very convenient, as long as you choose a regular big exchange. Never go to a small exchange. It's easy to go out of business in a bear market. At present, domestic users mainly use okex exchange, and the reputation and security are recognized by insiders.

3. At present, bitcoin is in a state of shock and sideways. Recently, bitcoin has rebounded slightly. I will go to Matcha MXC later and sell a few bitcoins that I bought in the last few days.

4. Bitcoin has been experiencing a lot of volatility, which worries traders and investors. But according to market experts, it's just a matter of time before bitcoin reappears. Bitcoin is still the only cryptocurrency that has received worldwide attention, recognition and adoption. It has been accepted by organizations and payment gateways around the world, and even new milestones are being achieved. For example, bitcoin's hash rate has reached a record high of 6.2 billion trillion< Let's take a look at the famous bitcoin forecast:
1 Tom Lee bitcoin price forecast
former chief stock strategist JP Morgan, co-founder and research director of fundstrat Tom Lee believes that the break even cost of mining a BTC is directly related to the price of cryptocurrency. He believes that BTC will grow as he expects more institutional investors to adopt bitcoin and the user base of bitcoin to grow steadily. In a recent interview, he said that bitcoin could bring 100% return to investors in 2020 after the expected halving of bitcoin in May 2020
2 Fran strajnar bitcoin price forecast
Fran strajnar put forward a very optimistic forecast that BTC may reach US $200000 by January 2020. He believes that the adoption rate is directly proportional to the price rise. The higher the adoption rate, the more the value increases<
3 bby Lee bitcoin price forecast
Bob Lee, CEO of BTCC, China's first exchange, once said that bitcoin will take 20 years to reach $1 million. Now his prediction has completely changed. Bob Lee, the co-founder of BTCC (Hong Kong bitcoin exchange), and Charlie Lee, the brother of lightcoin, gave extremely optimistic predictions, but they began to be bearish. He claimed that bitcoin could start to recover from the end of 2020, reach $333000 by 2021, and then drop to $41000 by 2023. He repeatedly pointed out that the market capital may reach $7 trillion, which may exceed the market value of gold. He even mentioned that bitcoin will lead to price stability and global liquidity in the next few years
4 John McAfee bitcoin price forecast
John McAfee has always been one of the stagnant bitcoin enthusiasts, and he puts forward his own forecast from time to time. He has recently become more optimistic than ever, saying that bitcoin could reach $1 million by 2020. Other bitcoins such as Apollo and MTC are likely to rise 10 times as much as BTC enthusiasts. He recently said that his past forecast of $1 million for bitcoin was just a trick
McAfee predicts that 10 years from now, "there will be no legal tender in the world, everything will become cryptocurrency."< 5 Tim Draper bitcoin price forecast
Tim Draper is one of the famous venture capitalists. He predicts that bitcoin will occupy 5% of the money market by 2023. He is optimistic that the price of bitcoin could rise by $250000 by 2023
our forecast:
2020 bitcoin price forecast: will bitcoin rise
bitcoin has been doing well, and recently it has started a bull market. This shocked the market. Now, traders and investors are in a state where they are trying to make the most of the bull market. The more transactions, the higher the price. In addition, we know that bitcoin is scarce in circulation, that is, only 21 million bitcoins can be mined, of which 17 million have been mined, which means that only 4 million will be mined, which will make it more valuable
in addition, some countries such as the United States, Japan and South Korea have shown great willingness to integrate bitcoin and other cryptocurrencies into their financial systems by establishing a regulated market that can operate freely and safely. By the end of 2020, the price of bitcoin will reach $23499
bitcoin price forecast 2022
by 2022, bitcoin may have an unexpected growth, and the adoption rate will increase by two times. Bitcoin may be accepted as the most feasible payment system by the public all over the world, and there is no trouble. In any case, bitcoin is not out of reach until it becomes the sweet spot of legal tender, and most developed countries are likely to see changes faster than other currencies. By 2022, given steady progress, bitcoin could reach $32000
bitcoin price forecast 2025
bitcoin price forecast shows that through five years of investment, bitcoin price will maintain 385.450281% of BTC price value for a long time. This means that in 2025, the price of bitcoin is expected to reach $50044.6 Bitcoin's future forecast)
bitcoin may reach the $50000 mark in 2025, which may push the encryption market to a completely different height. According to the prediction and analysis, bitcoin is ranked first without any competitors. Graally, bitcoin is likely to be seen more as a store of value, as well as an alternative currency. There are some bitcoin price forecasting tools that can help experts get the data. As encryption enthusiasts like John McAfee predicted, legal tender could be replaced by bitcoin
by 2025, bitcoin may be used more frequently by more people, that is, real-time use cases will increase, which will make it more powerful.

5. The next bull market should start in the second half of 2021
according to the history of bitcoin, someone has made a correlation model between halving and price. According to this model, the next time bitcoin halves, the price will exceed $10000 or even $100000.

6.

We know that this is an era of high economic development. More and more people begin to pay attention to the self-development of the economy. At the same time, they are willing to put their spare funds into other instries to make money. This is a way to make future investment or risk aversion, After all, people are full of many factors for the instability of the market, such as a wave of new epidemic action in 2020. So what's the next step for bitcoin to reach a new high in 2020{ RRRRR}

3. For companies that issue bitcoin, it will have a very good development< p> Finally, for companies that issue bitcoin, this is a very good development, because the more people hold bitcoin, the higher the market value and price of the company

7. The price of bitcoin is still very volatile this year.

8. As for the price of bitcoin, it has always been volatile. As for whether it can fall below US $5000, no one can guarantee it.

9. In the long run, the current price of bitcoin is still at a low level. With the increasing demand for bitcoin from investors in the world and the limited total amount of bitcoin, its price will also be higher and higher. Therefore, it is suggested that if there is spare money, you can invest a little. Maybe after retirement, it will be a sum of money for the elderly

from the moment bitcoin proced value to the sky high price of nearly $20000 gold, bitcoin rose by tens of thousands of times ring this period, which also created a lot of people's freedom of wealth. Most investors love and hate bitcoin. They love speculative property, and they have no limit to the rise and fall. They hate to be unable to analyze the market and make profits in the market

so why is it still suitable to buy bitcoin in 2020

1. The third proction rection

in May, bitcoin reced its proction for the third time. Under the hype of the proction rection market, the third proction rection of bitcoin brought confidence to most investors in the market, but the price did not change significantly

judging from the market, bitcoin is leading the rise of other financial procts under the same conditions. It dropped to $3800 in March, and then rose all the way to about $10000, walking out of the V-shaped reversal

the V-shaped reversal is not easy. After all, the previous market had to be sorted out for several months before going up. This also illustrates the purchasing power of bitcoin in the market

moreover, after halving, the amount of bitcoin g up by the miners has graally decreased. In addition to the lost bitcoin, there are not many bitcoins in circulation in the market, and the bitcoin market is a market brought about by demand. With many external factors, many investors want to use bitcoin for risk hedging, and the liquidity of the market is expanding step by step<

2. Institutions bought a lot

after halving, gray alone increased its holdings of 18910 bitcoins, while after halving, the miners only mined 12337 bitcoins, indicating that the number of gray holdings increased was 150% of the total mining amount of miners in the same period

in addition to institutions, some celebrities have also publicly expressed their desire to buy bitcoin. For example, the author of "poor dad, rich dad" tweeted the reason why he wanted to invest in bitcoin. Before that, he repeatedly said that with the continuous release of water from the Federal Reserve, bitcoin may become a good hedging tool to deal with the current financial crisis

with the entry of specialized institutional teams, bitcoin has been known by more and more people, and its value has also been understood by more and more people< 3. Bitcoin leads the global financial asset growth

the secondary market of bitcoin is huge, with the number of new addresses and active addresses increasing every day. There are many people who know about bitcoin but don't enter the market

the massive entry of foreign institutions leads to the concentration of some chips. In this process, it is not only the transfer of chips, but also the transfer of price rights.

10. The sharp rise and fall of digital currency is closely related to three aspects:
1. The number of investors (players). Only when more players are involved, can the digital currency have sustained internal momentum. Due to the large circulation of Ruibo currency, more, high-quality and powerful investors are needed to join in order to have more appreciation space
2. Affected by the global (International and domestic) investment environment. As we all know, digital currency investment is a high-risk investment or speculative investment. If the real estate instry or other fields develop stably, I believe many investors will choose the latter. If the stock market, real estate, futures and other fields pick up in 2020, I believe that the bear market in the field of digital currency will continue, but the periodic small rise and fall need to be grasped
3. With a large circulation of reborn currency, it is unlikely that a big banker will control the stock market, but it is a fatal injury to digital assets with a small circulation
at present, Ruibo currency is the currency with the most stable rise and fall in the currency circle. There are no big ups and downs. The trend in 2020 also depends on the big investment environment. At present, the overall economic development is relatively decadent, so the currency circle should not have too much rise. It is also a good choice to grasp the stage in time. The above is only personal views, not for investment reference.