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News: Earn your money online safely here at eMoneySpace. Sep 18, 2020 11:48 PM




Bitcoin Will Hit $40,000 This Year- Ex-Goldman Sachs Partner
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Author Topic: Bitcoin Will Hit $40,000 This Year- Ex-Goldman Sachs Partner  (Read 638 times)
Alexane Johnson
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Jan 15, 2020 05:33 AM

Bitcoin (BTC), in the last two weeks, has seen a staggering rise in bullish price action. The primary currency showed a substantial increase from $6,800 at month’s start to $8,850 at the time of reporting, a healthy 30% rally.




The super numbers in such a short amount of time have turned BTC as one of the best performers when it comes to assets this year, however, analysts expect the uphill climb to continue and not take a hit.
A former Wall Streeter who looked into the matter has stated that he expected Bitcoin to experience a 350% hike, reaching numbers close to $40,000.
SpartanBlack, a pseudonym partnering Kelvin Koh at Blockchain advisory and investment fund the Spartan Group utilizes, stated that “Bitcoin bears that suggest the halving is prices are in for a rude surprise” and the Bitcoin shift from $7,000 to around $9,000 is a sign of bigger things knocking on the door.
Impact of Bitcoin's halving
The reason is that within six months, an essential event called Bitcoin halving is on the horizon. Every bitcoin block issued ten minutes, It would have a significant impact, and the inflation rate will be reduced to half, from 12.5 to 6.25. Koh believes this event will lead to a “supply crunch” after the halving.
Melik Manukyan, a renowned Bitcoin commentator and engineer, is of the same view that the scarcity would lead to a dramatic surge in Bitcoin with the following month being a multi-lag. Halving would possible shape bitcoin’s potential future in 2020.
According to PlanB’s price model, the odds are in favour of this happening. It stock-to-stock flow model have reached the conclusion that the scarcity of  (BTC) would help in captivating the market. A capitalization of $!1trillion is highly likely following the halving. This would increase each coin’s value to $55,000. The positive outlook, whether $40,00 is conceivable or not, remains to be seen.

source>>https://www.cryptoknowmics.com/news/bitcoin-will-hit-40000-this-year-ex-goldman-sachs-partner
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mhmgs
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Reply #1: Jan 17, 2020 05:17 AM

 thumbs up
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gocryptowise
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Reply #2: Jan 21, 2020 04:31 AM

Lets hope so! Smiley

If you want help to find good places to buy Bitcoin I suggest this article https://gocryptowise.com/blog/6-best-options-where-to-buy-bitcoins/ - for the beginners!

So you don't miss it when Bitcoin's price surges to $40k or more! big grin
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VivekShankar
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Reply #3: Jan 22, 2020 02:58 AM

The super numbers in such a short amount of time have turned BTC as one of the best performers when it comes to assets this year, however, analysts expect the uphill climb to continue and not take a hit.
A former Wall Streeter who looked into the matter has stated that he expected Bitcoin to experience a 350% hike, reaching numbers close to $40,000.

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btcmag
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Reply #4: Jan 27, 2020 07:23 AM

I hope that BTC will hit 40k.  Smiley Billionaire Tim Draper asks in a interview, Bitcoin should Hit $250,000 6-12 Months After Halving.  thumbs up Lets see what happening in 2020
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CroBusiness
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Reply #5: Jan 31, 2020 01:20 PM

I do not think so I hope that bitcoin will grow every month at average 1-2% and  that we will not see so fast price grow we need slow grow my friend Wink
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tricksnhub
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Reply #6: Mar 14, 2020 03:19 AM

Here is good place to buy Bitcoin I suggest this article
tricksnhub - for the beginners!


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alva5763
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Reply #7: Mar 15, 2020 11:23 AM

It's just above $5000 at the moment. Can't see it getting anywhere near $40000 this year.
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