At the Blockshow event in Singapore in 2019, where participants in the blockchain industry meet, trader ToneWeiss gave his opinion on the price of Bitcoin (BTC).
In particular, he suggested that before the next year halving, the value of the asset could reach a minimum of $ 7,000, and then in December 2020 will resume growth.
In addition, Weiss noted that he did not believe in influence.China on the price movement of the asset since, in his opinion, it is America that manages the services associated with cryptocurrency. In fact, the cost of bitcoin is directly proportional to the number of products that will be regulated.
As for Libra, Weiss doesn't consider the projectfeasible in the short term and in no way perceives it as a competitor to BTC, since it can be confiscated. In addition, the expert said that he does not understand why governments are so scared, because they can gain control over the system and get all the information about its users.
Weiss is sure that in a short time the price of bitcoincan reach impressive levels, reaching the level of $ 20,000 - 50,000, or even $ 100,000. However, this will happen no earlier than the second half of 2021, as for 2020, it is unlikely that the level of $ 10,000 will be exceeded.
Like many other crypto traders, Weiss was wrongin his forecasts and was forced to admit this. Meanwhile, John McAfee still claims that he expects Bitcoin to reach $1 million by the end of 2020.</p>