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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Bitcoin Leads Poll With Public Predicting ‘Best Performing Asset in 2020’

Tony "The Bull" Severino
Tony "The Bull" Severino
5 years ago
3 mins read
bitcoin best performing asset 2020

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Bitcoin has been the best performing asset in finance history, rising over a million percent from its early days to current prices. It may come as no surprise then that the first-ever cryptocurrency is currently leading a public poll where respondents believe it’ll also be the “best performing asset of 2020.”

Is 2020 The Year The First Ever Cryptocurrency Recovers From The 2017 Bubble Burst?

The general public mostly learned about Bitcoin late, just as the asset broke over $10,000 in Q4 2017 and weeks later set a record at $20,000 for the highest price ever achieved. To much of the world, Bitcoin has performed negatively in their eyes.

But since the asset was first created, it has risen from $0.0008 per BTC to currently trading at just under $9,500. This astronomical rise is unmatched by any other asset and took place over the course of just a decade.

Another decade of price action could see the asset reaching lofty price predictions made by experts, that reach as high as $100,000 to $1 million per BTC.

Related Reading | Chartered Market Technician Claims Crypto Poised For Strong Uptrend

The asset’s growth could come due to combination of a number of things. Its hard-coded digital scarcity acting as a hedge against inflation. The fact it makes a great contactless payment method could boost adoption in what appears to be the new post-pandemic norm. It could even replace the dollar as the global reserve currency

The asset acting as a digital store of value while riots and robberies take place is yet another standout benefit that could help boost interest in the asset in the future.

After nearly three full years of a downtrend, and with the asset’s halving now behind us, it may simply be time for a new uptrend and market cycle to begin.

The best performing asset in 2020 will be…

— TradingView (@tradingview) June 18, 2020

TradingView Poll Reveals Bitcoin As The Best Performing Asset in 2020, As Voted On By The Public

Whatever the reason for Bitcoin’s continued bullishness, investors are taking note. It has caused Bitcoin to take the lead in a public Twitter poll being run by technical analysis charting software company, TradingView.

TradingView provides tools crypto analysts and traders rely on to predict future price movements. These critical tools are available beyond just Bitcoin and altcoins, however. Charts for traditional assets like the S&P 500 or gold are also offered.

These two other assets were also listed alongside Bitcoin as the other selections in the poll. There’s a fourth and final selection for “Other,” prompting users to leave a reply with their choice below.

Related Reading | Decision Time: Top Crypto Traders Expect Massive Bitcoin Move In Days Ahead 

Responses are jam-packed with altcoins, and even USD. However, when looking at past performance, Bitcoin is likely to be the clear winner.

The fact that Bitcoin is being recognized as the better performer next to gold during a recession, and the S&P 500 during one of the strongest rallies in the stock market history, bodes extremely well for Bitcoin.

As soon as the bullish sentiment overtakes selling pressure, a breakout will send BItcoin soaring. If a new all-time high is reached in 2020, all while the stock market collapses, the respondents in the poll are very likely to have voted correctly, and the cryptocurrency will close out the year as the best performing asset.

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Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Read more

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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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.

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