Bitcoin Has Survived Another Year and Scored More Goals in 2019: Crypto Experts

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Tue, 12/31/2019 - 08:54
Yuri Molchan
On the last days of 2019, cryptocurrency experts are summarizing the milestones Bitcoin achieved in 2019
Cover image via 123rf.com
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There is a tradition, old as the hills, to talk about the results of the year as draws to an end. Crypto experts – investors, analysts and traders – are summarizing the milestones Bitcoin has reached in 2019.

Major Bitcoin news

This year, among other crucial events, Bakkt and Binance launched Bitcoin futures, crypto expert Anthony Pompliano (more often referred to simply as ‘Pomp’ on Twitter) has been a frequent guest on CNBC where he promoted BTC, sometimes in heated discussions with Bitcoin opponents. Also the IRS in the US launched its first guidance on BTC taxation since 2014.

Biggest BTC price predictions

The billionaire investor Tim Draper predicted that by 2022-2023 Bitcoin price would hit $250,000 and then said that this prediction is conservative. The crypto baron John McAfee still insists that on December 31 2020 Bitcoin will reach the $1-mln price.

The Crypto YouTube bleeds

Among the most recent events is the ‘crypto purge’ on YouTube when numerous Bitcoin bloggers and crypto traders had their videos banned from YouTube and they were prohibited from posting anything for a week. However, later on YouTube later explained this to be an error and reinstated almost all crypto YouTubers and unbanned their videos.

Bitcoin coming close to $13,000 briefly

As for the milestone for the BTC price itself, it managed to reach a yearly high of $12,887 on July 10, as per CoinMarketCap.

Image via CoinMarketCap

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‘2019 – a bullish year for Bitcoin’

The crypto trader and analyst @themooncarl reminds the community that 2019 has been extremely bullish for the flagship cryptocurrency – its price is 94 percent up and its hashrate has surged over 100 percent.

The analyst also reminds the community about the immense Bitcoin scarcity and expects the price to skyrocket in the coming few years.

‘Major crypto narratives of 2019’

The crypto expert and columnist Joseph Young summarizes on the major BTC narratives this year has seen.

Image via Twitter

Many are expecting DCEP (also known as 'China Coin') to launch in the near future, while the most ambitious crypto project of the year - Facebook's Libra - seems to get stuck in regulatory issues deeper and deeper.

'Bitcoin survives another year': Pomp

The co-founder of the Morgan Creek Digital fund and a podcaster Anthony Pompliano emphasizes that Bitcoin has made it through another year. He believes that in the upcoming years it will be ‘irresponsible’ for financial institutions not to have Bitcoin in their portfolios.

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‘The industry is returning to Bitcoin’: Mati Greenspan

The crypto analyst and founder of Quantum Economics Mati Greenspan believes that the last two years have been a period of a great BTC consolidation. He reckons that the industry is now turning back to Bitcoin, having realized that many altcoins were given exaggerated valuations.

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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, can be contacted at yuri.molchan@u.today.

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