Crypto personality: There will be no bull market for bitcoin this year
Sep 18, 2020
Where the bitcoin price will go in the near future is of course impossible to say. This does not stop people from speculating.
A few days ago, for example, the controversial crypt0 analyst Plan B said that he thinks that the bitcoin price will soon reach $100,000.
Believes that the pandemic has a negative effect on the price
One who is not quite so positive is Joel Birch, co-founder of the crypto investment platform Stacked and a popular Twitter personality, Cointelegraph reports.
He believes that the pandemic still has a negative effect on the price of bitcoin.
“I don’t necessarily think that 2020 is going to be the year of some type of major retail bull run, largely due to the fact that the global economy still lingers over this industry, just like other financial markets”, he tells Cointelegraph.
Thinks bitcoin price may reach $15,000
However, this does not mean that Joel Birch believes in a bear market for bitcoin. On the contrary, he says that the price of the cryptocurrency is not expected to fall during the year and that it could possibly move up to $14,000 or $15,000.
Overall, he also has a positive view of the industry’s development and believes that several crypto companies may be on the verge of making a breakthrough even among a mainstream audience.
“Between now and the end of the year, we’re going to see some real players start to emerge”, Joel Birch tells Cointelegraph.