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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Crypto CEO: Bitcoin Will Hit Record High of $30,000 in 2020 for This Reason

Rick Delafont
Rick Delafont
4 years ago
2 mins read
high 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.

The Bitcoin halving plus geopolitical demand drivers may push Bitcoin above its previous all-time high in 2020. The CEO of the crypto asset startup Celcius believes that the combination of the two could see the leading digital asset reach as high as $30,000 before the end of this year.

Alex Mashinsky believes that most people underestimate the impact the halving this spring will have Bitcoin price. The increasingly entrenched “store-of-value” narrative in an increasingly unstable world may drive the price up sooner than most people think.

Will Bitcoin End the Year at a New High?

This year is an important one for Bitcoin. The quadrennial halving is set to take place this spring. The event will see the number of new BTC hit the market with each block cut to 6.25.

As NewsBTC has reported many times previously, the industry is expecting the Bitcoin price to react positively to the Bitcoin halving. However, most popular price models anticipate the real post-halving gains will occur in 2021. Previously, major bull runs have happened in the year following the halving itself (2013 and 2017).

Believing that the halving might have an impact sooner than in previous years is the CEO of crypto startup Celcius. In a recent edition of the Messari cryptocurrency podcast, Alex Mashinsky made the case for new highs by the end of the 2020.

Mashinsky says that most people are underestimating the impact of the halving. He takes the popular opinion that global political uncertainty makes the leading crypto asset increasingly popular.

Calling Bitcoin “the doomsday insurance”, he states:

“I think that Bitcoin ends the year with a new high. I estimated $30,000 but it’s going to be somewhere between $20,000 and $30,000.”

Mashinsky also comments that a bullish Bitcoin will likely drive the rest of the industry up too.

Yet Still No Mass Adoption for Crypto?

Although Mashinsky is bullish on Bitcoin price, he does not believe simply setting a new all-time high will on board new users. He comments of various issues still preventing the mass adoption of crypto assets:

“For mass adoption we need to fix the [user experience] issue, we need to provide more utility – less volatility, more utility.”

Despite these issues, the Celsius CEO is optimistic about the industry’s future. He comments on efforts being made by innovators to develop more intuitive blockchain applications and states that once the user experience is there, the users themselves will follow.

 

Related Reading: Bitcoin Halving to Have “Tiny” Supply Shock; More Important Events in 2020

Featured Image from Shutterstock.
Tweet123Share248ShareSend
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 Battles Key Support: Daily EMA-100 Must Hold to Prevent Deep Correction

Bitcoin Battles Key Support: Daily EMA-100 Must Hold to Prevent Deep Correction

Bitcoin briefly fell below the critical $100,000 level over the weekend, reaching a low of approximately $98,200 and triggering a...

Sebastian Villafuerte 6 hours ago
Solana vs Ethereum

Solana alebo Ethereum – ktorá kryptomena má väčšiu šancu urobiť z vás milionára?

Investori, ktorí v kryptomenách hľadajú život meniace zisky, sa často ocitajú pred známou dilemou. Na jednej strane stojí Ethereum –...

Kováč Martin 6 hours ago
Bitcoin

Bitcoin Dominance Hits New Cycle High Above 66% – How This 4-Year ATH Affects Altcoin SeasonBitcoin Dominance Hits New Cycle High Above 66% – How This 4-Year ATH Affects Altcoin Season

The Bitcoin dominance has hit a new cycle high, providing a bearish outlook for altcoins and any potential altcoin season....

Scott Matherson 7 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

Bitcoin

Bitcoin STHs Capitulate: 14,700 BTC Moved To Exchanges At Loss

Keshav Verma 39 minutes ago

2000 美元變4300 萬!Snorter 機器人幣搶先卡位下一個 PEPE ICO 火速破120萬

estherw 39 minutes ago
Dogecoin price news

Dogecoin Crash Far From Over? Analyst Reveals The Target

Jake Simmons 4 hours ago

Premium Sponsors

Top Brands

Press Releases

  • Global mining has no boundaries! ETHRANSACTION supports...

    3 hours ago
  • Dogecoin Mining’s New Era: How HashJ Cloud Mining Turns...

    5 hours ago
  • ico 仮想通貨注目!Solana価格急落でもSolaxy(SOLX)ico 仮想通貨プレセール残りわずか数時間

    ico...

    5 hours ago
  • Solaxy SOLX

    ...

    5 hours ago
  • Bitcoin

    ...

    5 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.