Hello friends,
What awaits cryptocurrencies in 2020? There are big events waiting for 2020 for the cryptocurrency market. For this, industry experts shared their opinion. Here are some of them to share with you.
Source
1. Cryptocurrencies will replace the banking system
❝ The world is preparing for financial and banking transformation. Much has already been done to make Bitcoin the currency of everyday consumption, and within a year it will no longer be feasible for banks to pay extra commissions. At the same time, the value of cryptocurrencies such as Ethereum and Bitcoin Cache will increase . In my opinion, the price of bitcoin in 2022 will be $ 250,000.
Tim Draper, Draper Associates and founder of DFJ
2. Cryptocurrencies have great prospects
Whether you invest in cryptocurrencies depends on how much you believe in blockchain technology. Yes, it does not live up to everyone's expectations, but it does and will happen with any technology.
We work with blockchain companies every day and see this technology evolve and become important. My main advice would simply be to never invest more than you can afford.
Judd Rosenblatt, founder of AE Studio
3. He is the future
❝ The world's largest companies and companies are actively considering cryptocurrencies as the money of the future, and I believe this world will soon move into a new phase. I would like to remind investors that the risks in this area are still high, so proper research and pre-prepared strategies are important.
Lorenzo Pellegrino, CEO of Skrill
4. Bitcoin defeats all critics' opinions and that's why…
❝ I believe there are several reasons for Bitcoin's massive success. First, its quantity is limited in advance (only 21 million bitcoins will be made), which allows us to predict its inflation. It has no borders, is transparent and no centralized body controls it. Bitcoin will not die because it is more reliable than the currencies of other governments.
Dan Schatt, Co-Founder of Cred
5. Historical steps will be taken in 2020
❝ My advice to investors is to pay attention to bitcoin halving , which will dramatically change both the demand and demand for cryptocurrencies. I think this year there will be historic developments for Bitcoin and for the industry as a whole.
Alex Althausen, CEO of StormGain