By CCN.com: Bitcoin permabull and Fundstrat Global co-founder, Tom Lee says the worst is over for bitcoin. In an interview with CNBC, Lee said the bitcoin price will likely see a new all-time high in 2020, eclipsing the previous $20,000 mark. Lee is famous for inflated bitcoin price predictions, but he backed up the latest forecast with seven key indicators. 1. The bitcoin halving is coming Every four years, the bitcoin block reward is cut in half to maintain the strict 21 million supply. It gives bitcoin an artificial scarcity and inherent value. The next bitcoin “halving” is scheduled to
The post 7 Reasons Bitcoin Price Will Smash Record Highs in 2020: Perma-Bull Tom Lee appeared first on CCN
source https://www.ccn.com/7-reasons-bitcoin-price-will-smash-record-highs-in-2020-perma-bull-tom-lee
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