2020 Bitcoin Halving Will Push Prices To $60,000 Says Bobby Lee

[hoaryal1]

Just like any financial market, there are stakeholders who are bullish while there are some that are bearish. The co-founder of the BTCC exchange, Bobby Leem has been a long-term Bull and has always believed in Bitcoin and other digital currencies.

 

Bitcoin price to hit $60,000 by next halving

 

Bobby Lee is of the view that BTC’s price will hit $60,000 by the next Bitcoin halving, which is slated to happen in 2020. He tweeted that:

 

Source( for all article) https://xbt.net/blog/bitcoin-blog/2020-bitcoin-halving-will-push-prices-to-60000-says-bobby-lee/

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[SUDARMONO]

I also really believe it all that bitcoin will reach $ 60,000 and even it can be more, I also like to invest in bitcoin.

[levyashin]

Halving is not necessary to push the price. Of course, i expect the same but price can be same and miners think it is not profitable anymore and leave which causes difficulty drop.

But price pushing is more likely.

[AristoteI]

The next halving will happen only after two years. I am sure that by this time this is a very realistic forecast. I'm sure that $ 60,000 is not the limit. Perhaps bitcoin will cost a lot more.

[LFC_Bitcoin]

I really fucking hope that prediction comes true, it’d fulfill all of my dreams.

[avikz]

Not to mention that I am long term bull in the crypto market and always believed in the cryptos. However, $60k seems little odd target based on the current scenario. Definitely halving will increase the price if the demand stays robust but not to $60k level.

Bobby Lee is definitely a knowledgeable person but his target is based on his own speculation. I see that the next halving ETA is around 22nd May 2020 and within this time we will see many changes in the legal framework and socio-economic factors around crypto. Some may give boost to the cryptos and some may be negative for them. $60k will only happen if we see majority of the governments are signalling positive towards crypto adoption. If this doesn't happen, I don't see $60k happening either!

[towi078]

Apparently, the prediction was very convincing.We'll see, after bitcoin 'halving day' later whether the prediction is true or not

[asradoni]

Their thoughts are worthless. Here's his tweet from the 26th February 2017:
https://twitter.com/bobbyclee/status/835875006731034624
Of course, he is not the last person in the crypto industry, but you do not need to blindly believe everything that you are presented with.

[Vizefog]

I really want that to happen, but I doubt this figure. I do not think that we will see $ 60,000, most likely the cost will be 2 times less. In any case, now we can only wait.

[taiwww]

I believe in what I see. I have seen that crypto currency changes its behaviour all the time and there is now way to see that the crypto currencies are gonna show the same picture as to what they have predicted to this date. Yes, I believe that halving process will get the demand and supply ratio altered hugely but that doesnt mean it will push the bitcoin prices all the way up 60K USD. I mean many be, but most of the time its gonna be surely different case at that time. See, the world moving and the political forces will be bold by that time. You never know what will happen.

[alexgreen2018]

Yes, it can really push the prices to 60K level but the prices will further increase due to limited supply of bitcoin. Coming years are looking good for investing in bitcoin. It will surely make many new millionaires and billionaires.

[m.roth]

Yes I'm new on bitcointalk, interested in blockchain and cryptos for over a year now. I know there is an introduction board, but I'm not that relevant;)

I would agree that the price does not depend so much on the halving, since the mining-difficulty is a major regulator within this system. Of course it might go up a bit, but i guess not even near the factor 10 to the current price.

Furthermore, the marketcap is still small enough for manipulation (what will inevitably happen imo) and (the market) could have a way bigger impact on the price.

[davhek]

Once the ETFs get a green light there is nothing that can stop price reaching 50-60k or even more. I am not sure if it will be as soon as 2020, but sure as heck it will happen sooner or later.

[Legendari]

I do not know whether bitcoin will reach 60 000$, but the fact that bitcoin will exceed 20 000$ I'm sure for sure.)

[BlockchainGod]

Yes, I fully agree with him! I think $ 60,000 is not the limit and bitcoin can cost even more in 2020.

[Kris34]

If the boom of investing in bitcoin again starts, the amount can be more than $ 60k.

[rabinot]

I think that the cost of bitcoin will be even higher than 60 thousand dollars. maybe we'll see a few hundred thousand for one bitcoin

[kerzhake]

I also believe in it and I hope that everything will be as predicted by the expert

[zazarb]

Seems that this prediction could happen, but I am not sure for the price, this price looks too big. There should be many positive changes in the world for Bitcoin that this price would be real, but anything could happen.

[Indamuck]

60k is a tame prediction considering John Mcafee is calling for a 500k bitcoin.  What a lot of people don't understand in the bitcoin can be broken down into many different units.  It's intimidating for a new crypto investor to spend so much on just "one" coin but it can be broken down into smaller units such as mbtc which make a lot more sense to the public.