Analytical firm Fundstrat Global Advisors in its Crypto Outlook 2020 forecast stated that in the coming year Bitcoin willhighly likely to bring investors more than 100% profit.
</p>The report is available only to the company's customers, but Fund Lee’s co-founder Tom Lee made public his key findings.
The most important factors that will increase the price of the first cryptocurrency are halving, geopolitical risks and the election of the US president.
Analysts recalled that return on investment inBitcoin for 2019 amounted to 92% and exceeded the indicator of all major asset classes. At the same time, it was achieved against the background of increased attention of regulators and harsh criticism of the first cryptocurrency by US President Donald Trump.
Fundstrat is confident that in 2020 several favorable factors will converge for Bitcoin and «digital gold» will surpass last year's success.
Experts also believe that the upcoming halving is not yet included in the price of cryptocurrency.
Opinions diverged earlierMorgan Creek Digital co-founders: Anthony Pompliano said that halving the block reward would increase the price of bitcoin, and Jason Williams predicted that the event would not have any effect on quotes.
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