How profitable will Bitcoin be in 2020?
Story by: Christina Comben
Whether due to a lack of trust in a country’s financial system or simply because new speculators want to make money, everyone’s talking about Bitcoin again.
The world’s largest cryptocurrency has been making the headlines in the mainstream press from Bloomberg to the BBC. And the question everyone wants answers to is – how profitable will Bitcoin be in 2020?
Bitcoin talk in the mainstream press
Bloomberg published an article on December 31 stating that BTC had yielded early investors an eye-watering 9,000,000% rate of return on its starting price.
Bloomberg✔@business
Bitcoin’s 9,000,000% rise this decade leaves the skeptics aghast https://bloom.bg/2Qaspou
Bitcoin’s 9,000,000% Rise This Decade Leaves the Skeptics Aghast
If in the throes of this bull market’s earliest stages of recovery someone told you to forgo stocks, forget commodities, renounce fixed-income assets and buy an unknown digital token, the first of…
bloomberg.com
Sure, not everyone was buying Bitcoin back in the days when it was “magic internet money”. But there’s still no other asset in the world that can even come close to such an astonishing ROI.
Demand for Bitcoin has been steadily on the rise, especially in developing regions such as Latin America. The world’s number-one cryptocurrency was featured in Argentina’s most prominent national newspaper La Nacion last week.
The article posed the question, based on its performance over the last decade, how profitable will Bitcoin be in 2020?
Bitcoin in times of uncertainty
You only have to take a quick look at statistics from peer-to-peer Bitcoin trading sites like LocalBitcoins to see how Bitcoin in Argentina is on the rise, hitting an all-time high in trading volume in the run-up to Christmas.
