Now why should you take any of these reasons seriously? Before you read this list, you may want to review this article I wrote in Feb 2019. The headline was, “10 Reasons Bitcoin Will Party Like 2017 for a Massive Bull Run in 2019,” and in it I correctly predicted the 2019 bitcoin bull market.
The bitcoin price on Jan 1, 2019 was $3760. On Feb 21st, when the article was published, bitcoin was trading at $3893. As of New Year’s Day 2020, that figure is $7222. I told you this was likely to happen, and I told you why.
Bitcoin skeptics howl with glee every time the price swings wildly downward. But the statement “bitcoin is down,” begs the question, “Since when?” And over its one decade-long existence, you don’t have to go back far to find that, “bitcoin is up.”