In the present circumstances, the lower interest rates and market volatility due to COVID-19 could be the driving force for more investors to take careful steps. They are looking for some new ways to diversify assets and safeguard wealth beyond the usual asset classes. They hope to receive comprising equities, fixed income, property, cash, and alternative investments. So in this regard, cryptocurrency and Bitcoin is one that belongs to this alternative asset class showing exceptionally high potential returns especially in terms of risk tolerance.
By viewing the results of a survey organized by financial advisory organization deVere Group, in which more than 700 high net-worth individuals expressed their opinion, 73% of respondents are bullish toward cryptocurrencies, indicating an increase from 68% in 2019.
The Future of Bitcoin and Bitcoin Price Predictions
Some economic analysts predict a big change in crypto is on its way as institutional money enters the market. It is also expected that crypto will become a part of Nasdaq. This would make blockchain a more reliable institution being used as an alternative to conventional currencies.
Bitcoin (BTC) price prediction has always been a risky thing although most analysts and investors jump in with the hope to make a profit. Bitcoin’s value fluctuates second-by-second, day-by-day due to a market activity that never ends or gets closed. Its price is fixed by the open market. And this is a big challenge around volatility that most currencies do not face. As the price prediction procedure is an ever-moving target, So it is good for anyone to educate himself in this field if he wants to get the most value out of their participation in the crypto economy.
Ali Mizani Oskui – Bitcoin Price prediction 2020: $20.000
Ali Mizani a well-known figure and founder of FiCAS AG, Swiss has predicted bitcoin price since 2016 when the price was around $900. He foretold about the massive growth in bitcoin price up to 4k in the next few months. Surprisingly enough his forecast came true and on August 13th, 2017, bitcoin reached the price of 4023$. Next time again we see his predictions turning to be true about bitcoin price to reach 18K in 4 months.
He said that Bitcoin price will go down in the next weeks and will reach 1/5 of its ATH in the next 2 years. This prediction he made during his live interview on tv with IRIB channel 5.
More true predictions about bitcoin
He also made predictions about the Bitcoin price rise. According to his words, the bitcoin price would get high close to 7-9k at the very end of 2019. This forecast was made by him on 11th April 2019. We witnessed that when 2019 was coming to its end, the price of bitcoin was about to touch the $7,300 mark. These predictions were welcomed by Bitcoin enthusiasts who always hope to see bitcoin prices rising. All of Ali’s predictions became true and at the end of 2019, the closing price was about 7240$.
More about Ali Mizani Oskui
Let us know more about Ali Mizani. He has been performing the responsibilities of a researcher, inventor, and futurist along with holding one of the most lucrative cryptocurrency asset portfolios worldwide. He is the Founder/CIO of FiCAS AG. a Swiss-regulated professional company for crypto asset investment advisory. This company provides consultancy services on cryptocurrency investment. It also provides easy access to the world of crypto-asset.
He is also the founder of “Bitcoin Capital Active ETP,” It is a new trading product. It is a symbol of an actively managed crypto ETP that is trading Bitcoin against 14 top altcoins like Ether and exiting to fiat without active involvement from investors. It is said to be the world’s first actively managed crypto ETP; the new product is now listed on the SIX Exchange under the index BTCA. This institution offers a user-friendly interface and a simple way to access the crypto market to investors.
Final words
The future of cryptocurrency is still very much doubtful. Bitcoins optimists regard it as a limitless potential, while critics see nothing but risk. And coping with this risk is the first thing to think of. It is good if all investors who are planning to step into cryptocurrency today must understand what the currency is about and have a clear plan of action for all sorts of scenarios.
