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Bitcoin (BTC) Price to Hit $152,000 in Dec 2020, Should It Keep Surging at Current Pace: Crypto Bull

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Fri, 01/31/2020 - 17:45
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  • A crypto bull from Twitter provides data on the BTC price growth this month, says Bitcoin may hit $152,000 if it keeps rising at the same high speed as now

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Contents

2020 is expected to be bullish for Bitcoin, largely due to the halving that is to take place in late May. This event will slow down the inflow of new coins to the market and is supposed to make BTC more scarce.

A crypto bull from twitter with over 150,000 followers provides data on the high growth of BTC in January, saying that should Bitcoin rise by the same percentage each month this year, in December the price will likely skyrocket.

A $152,000 scenario on the table

A crypto bull from Twitter going by the modest name @CryptoBull has tweeted that in January, Bitcoin showed a 32-percent rise.

If BTC continues appreciating this way every month, then by December 2020 it will hit the $152,000 price level, he says.

Expecting to see counter arguments, the extremely bullish Twitter user provided another tweet to support his root post. He reminded the community that 2017 (the remarkable year for the crypto market) started with Bitcoin trading at $960 and by December, the same year, it spiked to the $19,600 area.

That was a growth of 32 percent each month, he writes.

“Bitcoin gains are the definition of madness.”

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Crypto bull VS John McAfee’s bet

The highest Bitcoin price bet that has been made so far is $1 mln by crypto baron and now official US presidential candidate John McAfee.

His promise to do permanent harm to his body unless BTC hits $1 mln on December 31 2020 was something that many in the crypto community were looking forward to for a long while.

However, recently McAfee turned back on his promise, saying that even if BTC fails to hit $1 mln by the aforementioned date, he will not eat his privates. The crypto baron explained this by saying that the bet was just a ruse to attract new crypto users.

Later on, McAfee stated that Bitcoin is ‘the Hotmail of crypto’ and a true garbage coin. Mr John McAfee still bets on altcoins and reckons that one of them will one day become dominant in the crypto market, unlike Bitcoin, which is ‘an ancient technology’.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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  • Bitcoin (BTC) scammers know no quarantines or self-isolation. Dozens of fraudulent airdrops falsely endorsed by Bill Gates ask YouTubers to send in their Bitcoins.

Cover image via stock.adobe.com
Contents

Typically, fake YouTube airdrops are quite similar to each other. With the current pandemic enraging across the planet, a series of scams that impersonate Bill Gates have some distinct features.

With Bitcoin (BTC) Price Drop, Scammers are Getting Greedy

Just like in several other previous cases, the fraudsters launch fake 'live streams' on YouTube, asking users to send in their Bitcoins (BTC) in order to get redouble the initial amount.  An 'entry ticket' into to this scam starts at 0.1 BTC which is more than $650. With previous scams, it was much cheaper.

Fake YouTube Bitcoin (BTC) airdrop
Image via YouTube

The scammers also publish the URLs of this campaign, which are linked to suspicious websites. Unlike previous cases, fraudsters launch multiple live streams simultaneously. At press time of this article, at least two of them were active.

Multiple scam streams on YouTube
Image by YouTube

According to statistics, the average popularity of one live stream is about 30,000 viewers.

Very Bad Idea

Alongside that, launching fake airdrops on behalf of Microsoft's Bill Gates isn't a slam dunk for the fraudsters. It may seem ironic, but Mr. Gates is a prominent critic of cryptocurrencies, particularly of Bitcoin (BTC). He is sure that digital assets represent a kind of a ‘greater fool theory’ type of investment.

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Cryptocurrencies kill, added Mr. Gates. To him, its only use-case besides short-term speculations is illegal funding for drug trafficking:

Right now cryptocurrencies are used for buying fentanyl and other drugs, so it is a rare technology that has caused deaths in a fairly direct way.

The U.Today team will one more time state that no airdrop will be conducted without the notification from an official website of a product or token. Any YouTube, Medium, and/or Telegram announcements may shill scammers. Never send your money to unknown persons.

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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