The head of the operational department of the OKEx cryptocurrency exchange, Andy Cheung, is convinced that the price of Bitcoin will once again reach $ 20,000 this year.
In his opinion, most investors will not sell cryptocurrency until new historical highs are reached, despite the fact that its quotes have soared 180% in just three months.
$20,000 is a conservative prediction for Bitcoin price in 2019, as I said last year. The rally won’t stop here, because more institutional investors are coming into the market and the 2020 halving effect starts to take place. We are thrilled to witness such bullish trend and I look forward to a new high the Bitcoin deserves. Bitcoin is not just a coin, but a spirit that hinders the crypto-industry.
Head of Operations, OKEx
Large investors, apparently, are really increasing their positions on Bitcoin. So, earlier Diar analysts published a report, according to which the number of wallets that store from 1,000 to 10,000 BTC has increased significantly over the past nine months.