The Growth Of Bitcoin In 2020 Provokes The Rise Of Other Cryptocurrency

The growth of bitcoin in 2020, equal to almost 20%, brings the price of an asset to $ 9 thousand. A similar record jump at the beginning of the year was last recorded eight years ago.

According to coindesk, january 15, the cost of one coin was $ 8840, stating the daily increase in the price of the asset by 3%.

Bitcoin’s growth in 2020 provoked the strengthening of popular cryptocurrency assets – ethereum and xrp for 25 and 20%, respectively.

Bitcoin growth forecast for 2020

According to the wall street journal journalists, the data catalyst for the processes of investors on the legislative consolidation of the status of cryptocurrency, the result of which will be their wider distribution in the world. Last week, the launch of options for bitcoin also took place, which, according to analysts, can be favorable to affect the interest of professionals in digital assets.

Will bitcoin’s growth in 2020? According to michael konna’s specialist, the answer to this question – positive. In addition, a favorable tendency provokes a chain reaction to the market.

Last year for bitcoin was contradictory, the price took off, then rapidly fell. Against the backdrop of the launch of the libra cryptocurrency, the cost of bitcoin raised to $ 12 thousand. However, the alarming news from the united states caused universal concerns in the industry and the positive effect was negated – the course fell to $ 7 thousand.

Recall that last year bitcoin celebrated a decade and was named the best investment decision for the specified period.