Hey ninjas, how’s the trading going? On the day, Ethereum is reporting moderate gains, the top altcoin is trading at $135 and is up 4.56% on the day. XRP is also reporting daily gains of 2.215 at press time and is trading at $0.19. Bitcoin is down 0.22% at press time and is trading at $7,387.
Mike Novogratz, ex-hedge fund manager and co-founder of cryptocurrency merchant bank Galaxy Digital, made a prediction for the price of Bitcoin in 2020 in a tweet on the 28th of December.
In the Tweet he also predicted that the United States President Donald Trump will lose the upcoming 2020 Presidential election by 10 million votes, Novogratz added that if Donald Trump somehow won the election he would honor a bet he made to another Twitter user worth a single unit of Ethereum (ETH).
In May, BTC/USD was trading around $6,000 and Mike Novogratz predicted that the price of Bitcoin will appreciate over $20,000 once again sometime in the next eighteen months.
Mike Novogratz isn’t alone in his belief that Bitcoin will experience a major shift upward in its price value in 2020, a number of technical metrics have shown that Bitcoin has already started a bullish shift.