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More bitcoin gains could be on tap for 2020: here’s why

From valuewalk.com

The bitcoin price has stalled after strong gains so far this year, but some upcoming events could drive even more increases in the price this year. Increased institutional investor adoption, the halving that’s set to happen in May, and questions about whether bitcoin is a safe-haven asset all have the potential to drive future bitcoin gains. In a note this week, Canaccord Genuity analyst Michael Graham recapped 2019 and looked forward to bitcoin in 2020. He noted that last year started with a continuation of the so-called “crypto winter” that started in 2018, when the bitcoin price plunged more than 80% from record ... (full story)

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  • Category: Fundamental Analysis