Researcher: Next Bitcoin Bull Run Can Lead To A Significantly Higher BTC Price Peak
Have you noticed how Bitcoin always reaches new highs after the latest crash? Generally, the token sees its price rising and then it eventually crashes as too many people get overhyped. This creates a bear market but, after it is ended, the prices tend to become considerably higher than they were before.
Now, a researcher from SeekingAlpha, Victor Dergunov, has affirmed that the time to enter the Bitcoin bandwagon is now or maybe it will be too late if you take too long. The bear market may have lasted for around 15 months, but it seems like it is on the brink of being finally over.
If you doubt that because the prices are still far from the $20,000 USD range like they were in December 2017, you should know that they are 40% higher than they were in December 2018, at least, which is a clear sign that we may be on the brink of the next BTC bull run.
Because of this, the specialist affirmed that this is a great time to actually have more exposure to Bitcoin. There are many technical similarities with other bull runs here, so he believes that the bull market is here to stay and that we will see the results of this soon enough.
Not only a bull run seems to be here or at least near us, but he also affirmed that the market will be “significantly higher” than the previous ones, meaning that prices can shoot up to more than $20,000 USD.
The Intro Ecosystem Features
Bitcoin is not only a great short-term investment. Dergunov also believes that the token will have a lasting long-term impact as well. He affirmed that 99,5% of the potential of the BTC market is currently untapped and we can make the math: this means that investing in BTC now is a great idea.
Not only daily transaction volume is on the rise and the hash rate seems to be increasing, but Bitcoin’s market cap is also still only a small portion of what it can become. This gives BTC a huge advantage over any other kind of asset that you may want to buy.
From the total pool of “potential users”, only 0.56% of them were exposed to BTC, the economist affirmed. With only a market cap of $90 million USD (and the whole market not having more than $180 million USD), the entire Bitcoin structure was valued by the specialist as being worth at least $90 trillion UD.
BTC Is Unique And Valuable
Why is Bitcoin so valuable? Because it is so unique. These digital assets are so attractive because they after outside of the current financial system and can cause a decentralized revolution in the world. BTC can be an alternative currency that will let people be freer.
Many people are starting to hedge Bitcoin against the traditional markets, which are facing several uncertainties at the moment.
He believes that the “policy experiments” of the central banks are not going to pay out well in five to ten years, so Bitcoin can work as a refuge for people because it will be a completely borderless and neutral network that will help people to store and transfer value. If the crisis indeed happens, people will be happy to start using BTC.
Live Bitcoin (BTC) Price:
1 BTC/USD =$24,716.1309 change ~ 3.08%