A group of experts from the analytical company Fundstrat Global Advisors in the annual forecast Crypto Outlook 2020 reported that in 2020 the likelihood of a rise in the price of bitcoin is twice as high.
We published our 2020 Crypto outlook and made the full report available for our clients.
– bottom line: financial markets tend to discount 1-3 months, and maybe 6 months (max). So highest probability is halvening not priced in
— Thomas Lee (@fundstrat) January 10, 2020
Only the company’s customers can get the full text of the analytical report, but the head of the company, Tom Lee, has published several key points. The main reasons for the growth of the first cryptocurrency, experts call the US presidential election, halving, and geopolitics.
Analysts recalled that for 2019, Bitcoin owners made a 92% profit, which significantly exceeded the figures from investing in classic assets. It is worth noting that the cost of BTC showed such results even in the face of an active policy of regulators and criticism from the governments of many countries.
The Fundstrat Global Advisors team is confident that in 2020 there should be enough important changes for Bitcoin to surpass last year’s results.