Bitcoin (BTC) Seems Primed For A Christmas Surprise
Bitcoin (BTC) has practically done nothing for the past few weeks. Recently, Vinny Lingham, the founder of Civic made a $20,000 bet that the price of Bitcoin (TBC) would not rise above $28,000 before 2020. This is a really bold statement coming from a Bitcoin (BTC) maximalist. The number of people who are still optimistic regarding a long term rise in the value of BTC/USD still remains very high. However, the fact remains that after every market cycle, the rate of growth reduces. The price cannot climb as aggressively as it has in the past. However, to think that Bitcoin (BTC) may not be able to climb above $28,000 in all of 2019 is equally hard to believe.
Even if we consider that Bitcoin (BTC)’s rate of growth has reduced by half, it would still make it very possible for the price to reach somewhere above $50,000 by the end of 2019. Perhaps Vinny Lingham does not seem to believe that cryptocurrency market cycles also go through halvening. If we consider this to be the end of…
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