The bitcoin price, which is up around 5% so far in 2020 after a rocky few weeks following the coronavirus crash, has swung wildly over the last year—down aroun 50% from its 2019 high.
Now, as traders eye the biggest quantitative easing program ever undertaken, bitcoin could outperform the wider market in 2020 with investors scrambling to keep up with a rapidly evolving and uncertain situation.
A survey of major bitcoin investors showed most were upbeat at the beginning of the year with the bitcoin price expected to soar to over $20,000 per bitcoin in 2020.
"The current unexpected global crisis and a number of notable events in bitcoin’s pipeline over the next nine months is causing speculation throughout the industry that another bull run is on the horizon and I believe that we can only expect the price of bitcoin to continue in the direction that everything is currently pointing potentially towards that $20,000 figure and beyond," said Danny Scott, the chief executive of Isle of Man-based bitcoin and crypto exchange CoinCorner.
yes I can also say that every potatos investing in bitcoins right now