Bitcoin Hopium: Hedge Fund Manager Makes A Bullish 2020 Prediction
- Bitcoin to end the next year over 2019 high – Hedge fund manager Michael Novogratz
- Much bolder predictions see BTC doubling the ATH in 2020
“Better luck in 2021 with your predictions,” – says Cardano founder Charles Hoskinson to Novogratz who projects Trump not winning 2020 elections
Hedge fund titan Michael Novogratz has made some surprising predictions for 2020. The Bitcoin bull is expecting the leading cryptocurrency to spike to 2019 high.
“Btc finishes over 12k,” is one of the few predictions made by Novogratz. Currently, we are trading around $7,400 with 24 hours gains of 1.44%, as per Coincodex.
However, this isn’t the most bullish Bitcoin price prediction for 2020.
As we reported investor and entrepreneur Alistair Milne is expecting BTC price to test an all-time high (ATH) at $20,000 next year. However, it won’t before we see more pain as Milne projects dumping near the halving scheduled in May 2020.
“Bitcoin gets close to 14k pre-halving, dumps near halving & then tests ATH towards end of year,” predicted Milne for 2020.
He has also called for Bitcoin dominance to hit 80%.
Another call for ATH is made by Blockchain Capital. According to the venture capital firm that invests in blockchain-enabled technology companies projects Bitcoin price blowing past all-time high. However, “McAfee loses his bet and eats his..” meaning we won’t be going to $500,000 by the end of 2020.
However, there is a much bolder prediction made by Kelvin Koh, co-founder and Managing Partner of Spartan Group, a Blockchain advisory & investment firm.
“BTC price will hit $40K during 2020,” he predicts.
But this projection wasn’t what had people talking.
It was him predicting that the US President Donald Trump won’t be getting re-elected. His first prediction for 2020 is “Donald Trump loses by more than 10mm votes.”
He even bet 1 ETH, currently worth $133 on this.
— Michael Novogratz (@novogratz) December 28, 2019
Twitteratis however, doesn't agree with him. Charles Hoskinson, co-founder of Ethereum and founder of 12th largest cryptocurrency Cardano also doesn't see this happening as he said, “Sorry Nov, trump is going to win. Better luck in 2021 with your predictions.”
Though not being pro-Trump, the Democrats’ madness isn’t going to let them win the elections in 2020, according to Hoskinson. He explained,
“I'm not pro-trump, but honestly the Democrats are fielding 70 percent income taxes, a wealth tax (which is pure theft), nationalizing between a 6th to half of the US economy, intersectional politics, and massive new regulations for the green new deal. It's madness.”