071: Bitcoin to Rally Past $10,000: Bloomberg Analysts | Peter Schiff On BTC Price Drop

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

English - December 05, 2019 15:05 - 12 minutes - 6 MB - ★★★★ - 537 ratings
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Previous Episode: 070: Best Places to Earn Interest on Your Cryptocurrency | Bitcoin Bears Target $5,000

Next Episode: 072: Tim Draper Says His $250K Bitcoin Prediction Is Not Based on Halving | $13K BTC In Early 2020

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The Bitcoin price didn’t have the best second half of 2019, plunging from a year-to-date high of $14,000 in June to $7,400, where it currently sits at this time. At its lows, the BTC price fell as low as $6,600, languishing as Bitcoin (BTC) buyers failed to step in amid selling pressure seemingly catalyzed by Chinese regulation of digital assets and the operators of a multi-billion dollar Bitcoin scam selling their coins. Despite the harrowing backdrop, Bloomberg’s Mike McGlone of the business media giant’s Intelligence unit believes that Bitcoin has a positive outlook heading into “2020 and the next decade” due to a confluence of factors.