Tron CEO Expects Bitcoin and Crypto Assets to Boom in 2020 Regardless of USD Prices in 2019
Bitcoin was not at its best in 2018 – in fact, far from it. At this point, many are hoping that the cryptocurrency will rebound to its former high days, but the big question is when that will happen.
“I don’t think that there will be a bull run like the ones seen in 2017. So I think that this year will be the one of construction, in terms of the infrastructure and time for everything to get time to build better developer products.”
He also noted that this year, Bitcoin may find itself in a range anywhere from $3,000 to $5,000. Another cryptocurrency guru, Anthony Pompliano, has stated that it is possible that BTC will decline to $2,500 due to the market “froth.” And that it is also possible that during 2019, the cryptocurrency will trade anywhere between $2,500 to $5,000. Venture capitalist Fred Wilson also discussed the issue at some point, sating that while development startups will be trendy in 2019, there will unlikely be large changes when it comes to Bitcoin’s value.
Though Sun notes that 2019 will be a good year, he sees 2020 to be an even better one due to the impending block reward reduction, called halvening. This could be possible, especially considering Litecoin’s halving and the positive impact that it has provided BTC. There is still an open question though as to when halving and its effects will occur.
Some Twitter analysts believe that the halving could occur within the coming six months. Essentially, at this point, all that the community can do is to wait and see.