Why will altcoins disappear and what will become of bitcoin in 2020 Tone Vays: all altcoins will disappear
Analyst Tone Vays famous in crypto community thinks that the price of the most popular altcoins will drop to zero because they are worthless and cannot substitute for bitcoin.
“Who will use Litecoin when we have Lightning Network, who will use Ethereum when we have side chain Liquid Network? Will people use Binance token? I don’t know because it’s useless”, — Vays said.
He also added that he doesn’t expect to see bitcoin cost over $10,000 in 2020. Bloomberg: bitcoin will become stronger in 2020
Bloomberg’s analysts published a report with cryptocurrency predictions, according to which bitcoin will become stronger in 2020. The experts note that bitcoin become more and more popular as investment against a weak dollar and global uncertainties.
According to them, limited number of coins and halving of the block reward in May 2020 will account for increasing price of BTC.
“Bitcoin's initial reaction to the U.S. airstrike was a good test of our premise that the first-born crypto is maturing toward a digital version of gold”, — the report says.
On January 3, bitcoin reached its seven weeks’ maximum after U.S. military attack near Baghdad which killed Iraqi general Qasem Soleimani.