Bitcoin Can Gain 100% In 2020 - Halving Not Priced In, Says Fundstrat

[Hydrogen]

Bitcoin can deliver 100% returns to investors in 2020 and may rise significantly in the five months until May’s block reward halving, a new report claims.

In its forthcoming 2020 Crypto Outlook, market research firm Fundstrat Global Advisors said it believed that the halving was not yet “priced into” the Bitcoin price.

Fundstrat expects over 100% BTC gains

The report is currently only available to the firm’s clients, with key findings uploaded to Twitter by co-founder Tom Lee on Jan 10.

“For 2020, we see several positive convergences that enhance the use case and also the economic model for crypto and Bitcoin — thus, we believe Bitcoin and crypto total return should exceed that of 2019,” an excerpt states.

Fundstrat continued:

“In other words, we see strong probability that Bitcoin gains >100% in 2020.”

The factors Lee and others identified focus on geopolitical tensions and the upcoming United States presidential elections, in addition to the halving.

Fundstrat took its cue from events last year, noting BTC/USD hit its high point amid tensions around Facebook’s Libra digital currency and negative comments on Bitcoin by president Donald Trump.

Bull catalyst or “non-event”?

As Cointelegraph reported, geopolitical factors form the basis for other commentators’ bullish Bitcoin price scenarios for this year.

As regards the impact of the halving, however, pundits are less united. Last month, Jason Williams, co-founder at digital asset fund Morgan Creek Digital, said May would prove to be a “non-event” for Bitcoin.

Williams appeared to contradict fellow co-founder Anthony Pompliano, who a month previously had claimed that even at $8,750, Bitcoin was yet to have the halving priced in.

https://www.zerohedge.com/crypto/bitcoin-can-gain-100-2020-halving-not-priced-says-fundstrat

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There were suspect news stories published in 2019 which may have been specifically designed to depress the value of bitcoin.

We had reports of binance offices in shanghai being raided which later were confirmed as false. Articles published about google achieving quantum supremacy, allowing them to solve problems similar to encryption brute forcing, which somewhat coincided with bitcoin price drops on two separate occasions.

The motive behind suspect crypto news published in 2019 remains undetermined.

It is possible wealthy institutional investors had their media contacts publish news to depress the price of bitcoin. To create a lower buy in point. With the end goal of maximizing profits from bitcoin's 2020 halving.

Now whale media contacts may be publishing bullish news on bitcoin to maximize profits in the opposite direction.

News articles published by the media are by far one of the most underrated sources of market manipulation.

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[avikz]

It's not impossible but very very difficult, especially where the audience is international! It's easier for media to manipulate audiences from a country, ethnicity or a religion by such news but for international audiences, it's difficult beyond imagination and costs a fortune!

A conspiracy theorist will belive in such incidents but for a normal people, it's just a no no! If it had really happened, then we must admit the brain behind this plan, but I really doubt that such big conspiracy has been staged just to keep the price down.

It is more realistic to believe that the effect of upcoming halving has started showing in and hence we are seeing a surge in bitcoin price! It indeed has the capability to make the pricing double because the supply is getting decreased by 50%. If demand remains stable, the price has to jump higher. Simple math!

[crwth]

Now that you think about it, wealthy people are trying to accumulate more to maximize more profits. I think once that significant event, which is the halving, happens, it would be fuel to skyrocket the price again to new highs (hopefully). There is just too much news to determine if this is the real intentions of the news provider and those fake news that circulate to have a fall in price. That's the reality that we have now, a little story about cryptocurrency could determine if it's going to be an uptrend or downtrend.

• Positive News = Price Increase
• Negative News = Price Decrease

It could be just coincidences, but once the word gets out, some people are panicking, and they want to liquidate their assets immediately. News is fast btw whether fake or fact.

Now that we are in a positive zone, we may see to continue to an increase in BTC. More bulls!

[sovie]

Don't get too excited because of current bull run, we have whole year ahead of us. Its Iran USA tension which stimulated current bull run and even tension is over, the bull run is still ON. Bitcoin is known for giving huge returns only to those who can buy at right time and HODL. Dont expect good from bitcoin if you start buying now.

[TheCoinGrabber]

There were suspect news stories published in 2019 which may have been specifically designed to depress the value of bitcoin.

We had reports of binance offices in shanghai being raided which later were confirmed as false. Articles published about google achieving quantum supremacy, allowing them to solve problems similar to encryption brute forcing, which somewhat coincided with bitcoin price drops on two separate occasions.

That's plausible. Considering those at the top comprise just a small circle, it would be incredible if these investors don't have at least one friend in the media industry.

We've always known that media is corruptible, it's just hard to point a finger on who's pulling what string since that would require whistle-blowers inside and I doubt most employees would know about it.

Knowing this, I think it's wise to go the other way than what they tell you the market is going.

[merchantofzeny]

Let's just ride on the positive news they are coming up with now and wait for people to start flocking, then fly away before it all crashes. I don't know how realistic it would be but if ever it hits $16k, I'm selling.

It's not impossible but very very difficult, especially where the audience is international! It's easier for media to manipulate audiences from a country, ethnicity or a religion by such news but for international audiences, it's difficult beyond imagination and costs a fortune!

With TV yes, but it's very easy to do the manipulation via blogs and news sites. I for example don't live in the US and I regularly check the bitcoin price so whenever I open Chrome on my phone the top recommended articles are usually bitcoin news. All they need to do is position these articles in such a way that they'll be top results or recommended. Granted I don't know much about SEO but I figure it shouldn't cost them much in comparison to TV. And the more traffic is directed on those articles, the higher in the ranking they can go.

The internet has made it easier to disseminate information, or in the case that OP was talking about, FUD and hype.

[Wexnident]

The motive may be unknown,but the result is. Some news of 2019 directly involves a redirection of possible disadvantages of BTC to the world so that commoners or those people out of the loop would spread fear, letting the price of BTC go down. And now that they've gotten enough, it's time to push BTC price, especially since FOMO could easily be spread out to the globe, with the next halving occurring. Especially since this is the next halving after the one that caused the current ATH (most believe and/or say so anw).

The media could be said to be a source of good information which is also a bad one. The workforce is like that at times, the strong prey the weak, in this case, the weak would be the media.

[ReiMomo]

Now whale media contacts may be publishing bullish news on bitcoin to maximize profits in the opposite direction.

News articles published by the media are by far one of the most underrated sources of market manipulation.

It's clear that it is all about the whale again manipulated the market and paying social media bloggers to publish good news and boost the bitcoin price( but you can simply noticed on this kind of paid article which is the content is bias). I noticed that when the good news will explode, bitcoin price goes up and when there is negative news like scamming incidence. Holders might probably be panicking and quickly sell their bitcoin. We, as a crypto enthusiast we should know what is FUD news and good news.

[Sadlife]

They say fundamentals has no effect on Bitcoin price but it could possibly affect it by FUD, sometimes if everyone is pessimistic in BTC price it really starts to go down and sometimes it surges, maybe this due to market manipulation its very hard to prove but i think its not impossible, that's how whales make most of profit by manipulating the media.
The reason why the halving price has not price in is due to bitcoin correction and the prologue downtrend since it sky rocketed back in 2017 made investors wary and scared that they might see a downtrend resulting in another loss.

[alyssa85]

Bitcoin trading is an unregulated in that it's not under the auspices of the SEC or other regulators, and doesn't have to abide by rules banning fake news designed for pumps and dumps.

So that's why we've been getting these stories ever since 2013 when bitcoin went mainstream. "China is about to ban bitcoin", "the ETF is about to be approved", "bitcoin is going to triple in price", "bitcoin is going to fall to $1000".

Most sensible people just ignore it all. It's all just noise,

[moviebuff777]

A 100% return on investment seems like a conservative estimate to me considering Bitcoin has reached $20,000 in 2017 and $14,000 last year and started this year around $7500.

That means it would get to just $15,000.  I think more like $25,000.

[Dart18]

Which just concludes something.

People still did not learned their lessons.
We have the social media now which can produce much accurate news rather than watching the local news.
I hope people will see that.
With the right people to follow with you could make the real news out of them not being biased over everything.
I have my own list of channels which I just want to listen to and not those wannabe analysts or crypto value manipulators.
There should be a balance with everything.

[Vishnu.Reang]

A 100% return on investment seems like a conservative estimate to me considering Bitcoin has reached $20,000 in 2017 and $14,000 last year and started this year around $7500.

That means it would get to just $15,000.  I think more like $25,000.

While taking your "conservative estimate", you are accounting for 2017 and 2019, while ignoring 2018 and the two years which preceded 2017. You need to remember about 2018, because during that year the prices went down from $15,000 to $3,000. How can you be sure that such a bearish trend will not occur this year? Also, what about 2014-16, when the prices dipped by 85%?

[panganib999]

While taking your "conservative estimate", you are accounting for 2017 and 2019, while ignoring 2018 and the two years which preceded 2017. You need to remember about 2018, because during that year the prices went down from $15,000 to $3,000. How can you be sure that such a bearish trend will not occur this year? Also, what about 2014-16, when the prices dipped by 85%?

Those years were the correction for the bubble of 2017, which was rightfully done IMO. Without it, BTC would've stood at the market as a tree with no trunk, which would fall down sooner or later, and without the correction, it would've fallen harder than a measly $3000.

I guess the whales anticipated or expected this halving. One that would be quite easy to manipulate, or at least sway the population to what they want the market to become. The FOMO of halving is honestly way too big, and anyone missing out of it would probably feel that they are missing out on another big price hikes of BTC.

[Oilacris]

Don't get too excited because of current bull run, we have whole year ahead of us. Its Iran USA tension which stimulated current bull run and even tension is over, the bull run is still ON. Bitcoin is known for giving huge returns only to those who can buy at right time and HODL. Dont expect good from bitcoin if you start buying now.

Buying points cant really be precisely determined and even if you do buy into these levels it doesnt mean that you will not able to make up some profits.There are known and unknown factors on why btc price had risen up and one is the halving event.
Im not really that fan on entertaining nor interested on hearing out on those so-called analyst or pros when it comes to price analysis.

[ecnalubma]

I think we never been really in bear season, Bitcoins hashrate has increased incredibly it could be an indication that it continuously goin bullish but the real just don’t reflect in the markets. But I think this year could bring more positive outcome since many people are anticipating the event that could potentially trigger another parabolic rise.

[Hydrogen]

Bitcoin trading is an unregulated in that it's not under the auspices of the SEC or other regulators, and doesn't have to abide by rules banning fake news designed for pumps and dumps.

In 2019 there was a big call for tesla shorts. Accompanied by an overwhelming volume of news attacking Elon Musk and tesla. I couldn't open my social media timeline without seeing a news article attacking Musk/Tesla over something.

If there are rules banning fake news from influencing market trends. I would be curious to know what they are.

My opinion of regulators and the SEC is: they work for banks. People shouldn't have the misconception that regulators or the SEC do anything legit to maintain the stability of economies, finance or living standards. They work for ruling elites. Its the only part of their job description that matters.

[magneto]

We've entered the stage of the market cycle where mainstream media is now hyping BTC up again - a far cry of what has happened in 2018 and the majority of 2019 where the mainstream sentiment indicated extreme bearishness and seemed to revolve around BTC dying or whatnot.

It's honestly nothing out of the ordinary. It just indicates that we're going in for a bullish ride.

Sentiment is one of the best predictors of price action in the medium run.

[NathanJB]

100% gain in 2020 is very much possible. In fact, it can very much gain more than that. 2020 opened with Bitcoin valued only a little more than $7,000. Just weeks after new year, the price is already trying to knock the $9,000 resistance down. This could go straight to a five-digit price. And when it happens, $14,000 is already within easy reach. That is already double the price of Bitcoin when the year started. 

[ultrloa]

Don't get too excited because of current bull run, we have whole year ahead of us. Its Iran USA tension which stimulated current bull run and even tension is over, the bull run is still ON. Bitcoin is known for giving huge returns only to those who can buy at right time and HODL. Dont expect good from bitcoin if you start buying now.

Buying points cant really be precisely determined and even if you do buy into these levels it doesnt mean that you will not able to make up some profits.There are known and unknown factors on why btc price had risen up and one is the halving event.
Im not really that fan on entertaining nor interested on hearing out on those so-called analyst or pros when it comes to price analysis.

Well maybe it's bad for listening sometimes unto them but actually it's good to see to listen on some discussion since we can compare there opinion to the reality since if that one really helpful we can use it to maximize our own prediction on certain condition. But if someone feels to buy right now since they can see that  we can gain a 100% then stand on your decision since we might gonna lost the opportunity if we keep listening but no counter action made.