NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Bitcoin Gains in 2020 Beat S&P 500’s in 2019, But Bulls Don’t Look Done

Rick Delafont
Rick Delafont
4 years ago
3 mins read
rocket crypto bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin (BTC) has started 2020 in fine style. Based on a numerous different factors, analysts believe these gains will continue too.

The leading crypto asset by market capitalisation traded at around $7,250 at the start of the year. Just 30 days later, a single Bitcoin costs more than $9,300.

Bitcoin Trumps S&P 500’s 2019 Gains in Just 30 Days

After being crowned the most profitable investment of last decade, Bitcoin has continued to please investors going into 2020. The market capitalisation of the digital asset has increased by around 30 percent in last 30 days alone.

To put that into perspective, the S&P 500 achieved 29 percent gains over all of 2019. According to a report in the New York Times, last year was also one of the best ever years for the US stock market.

Cryptocurrency podcaster and partner at Morgan Creek Digital Assets Anthony Pompliano pointed out the comparable gains of the two markets over the vastly different time periods:

The S&P 500 was up 29% in 2019, which marked one of the best years ever for the stock market.

Bitcoin is already up more than that just in the month of January.

— Pomp 🌪 (@APompliano) January 30, 2020

Can BTC Gains Continue?

With Bitcoin posting such impressive numbers to start the year, a sense of bullishness has returned to the crypto asset industry. Discourse has largely shifted from “finding bottoms” to “high how can this thing go”.

Much of the excitement revolves around the upcoming Bitcoin halving. The supply of new coins hitting the market will drop from 12.5 to 6.25 this May.

Many industry analysts are looking at the upcoming halving as a driver for higher prices. Previous Bitcoin halving events have indeed seen dramatic price gains.

As NewsBTC has reported previously, gains have typically occurred both before and after the event itself. A popularly-cited study into the impact of halving on scarcity and price puts the next bull cycle’s top as high as $400,000 per Bitcoin. Analyst Plan B bases these findings on previous price action surrounding past halvings.

Various metrics appear to be lining up that suggest its more than just those on Twitter that are bullish. Google searches for the terms “buy Bitcoin” and “Bitcoin halving” are spiking. This has typically occurred during previous large bull markets too.

DATA: Could Bitcoin be about to go parabolic?

“Buy Bitcoin” just reached a 7 month high, a score of 9 on Google searches.

Last time it reached this score:

Nov 2013 – Bull Top
May 2017 – Parabolic Run Up
June 2019 – Medium Term Top

Could there be a parabolic run-up next month? pic.twitter.com/zc47mLaZXH

— Bloqport (@Bloqport) January 24, 2020

Similarly, corporations are investing heavily in mining infrastructure. The Bitcoin hash rate, a measure of computing power supporting the network, reached a new all-time high today.

With mining equipment being expensive to buy, operate, and maintain, the deployment of such hashing power shows clear optimism from the mining industry.

The #Bitcoin hash rate JUST HIT a new ALL-TIME-HIGH!

A whopping 123,011,832 TH/s!!!

The $BTC fundamentals are screaming for a huge bull run leading into the halving! 🚀

BULLISH!! pic.twitter.com/HB6JLSy6V0

— The Moon (@TheMoonCarl) January 30, 2020

Perhaps most bullish of all is the fact that BTC holders seem more numerous and stronger than ever. NewsBTC recently reported on the fact that more than 12 million of the total Bitcoin supply has not moved in more than a year.

Huge numbers of investors held their Bitcoin through the summer price run up and down again to around $6,600. This suggests that Bitcoin price has a large and committed support base of believers.

With huge numbers of the total supply hoarded away and the new supply hitting the market due to drop dramatically, the perfect storm for another Bitcoin bull market might well be brewing.

 

Related Reading: Craig Wright Interview Has All Warnings of a Full Bitcoin SV Breakdown

Featured Image from Shutterstock.
Tweet123Share196ShareSend
Rick Delafont
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

bitcoin-hyper-phase-finale-prevente

Projet Bitcoin Hyper cross-chain : prévente en phase finale

En août 2025, nous observons une effervescence rare autour de Bitcoin Hyper, un projet cross-chain inédit qui combine la sécurité...

guillaumev 2 hours ago
Ethereum Treasury Boom Drives Demand: Can The Market Handle The Risks?

Ethereum Treasury Boom Drives Demand: Can The Market Handle The Risks?

Ethereum is undergoing a correction after weeks of strong momentum, but institutional adoption is quietly reshaping the market’s long-term dynamics....

Sebastian Villafuerte 2 hours ago
meilleur-projet-defi-best-wallet

Le meilleur projet DeFi en prévente selon les analystes

Nous pensons, en ce mois d’août 2025, qu’un consensus clair se dessine parmi les observateurs de l’écosystème crypto : Best...

guillaumev 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Ethereum Price Squeezed In Falling Channel – Bulls Eye Rebound To $4,788 If This Support Holds

Godspower Owie 16 minutes ago
pump-crypto-snorter-maxi-doge

Les signaux techniques qui annoncent un pump crypto imminent

guillaumev 1 hour ago
Solana

Solana Is Not Dead? This Upper Boundary Retest Could Set The Stage For $268

Scott Matherson 1 hour ago

Premium Sponsors

Press Releases

  • miner

    BTC Miner Launches BTC XRP Premium Principal-Guaranteed and...

    3 hours ago
  • Négy altcoin, amely több mint 200%-os növekedési potenciállal rendelkezik|Új történelmi csúcs a Bitcoin árfolyamában

    Négy altcoin, amely több mint 200%-os növekedési...

    4 hours ago
  • Cztery altcoiny z potencjałem wzrostu powyżej 200%|Nowe rekordy cenowe Bitcoina

    Cztery altcoiny z potencjałem wzrostu powyżej 200%|Nowe...

    5 hours ago
  • HTX Launches 12th-Anniversary Carnival and Embarks on a New...

    6 hours ago
  • 仮想通貨 おすすめ:Token6900が急成長、次のビッグミームコイン候補か?

    TOKEN6900 プレセールが220万ドル突破 –...

    7 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.