How Much Will 1 Bitcoin Be Worth in Feb. 2020?
The question of “How much will 1 Bitcoin be worth in Feb. 2020?” has captivated investors and enthusiasts alike for years. The rise of bitcoin has generated a wave of hype in the investment community, with several billionaires and savvy investors saying it’s time to buy Bitcoin. According to the CNBC Money Show, one billion-dollar company plans to invest in Bitcoin in 2020. If that happens, the price of Bitcoin will rise to $1 million!
In January, a $1,000 investment in bitcoin would have purchased 0.034 tokens valued at $29,290. By late December, the price of the coin was $49,150, which equals $1,632 today. As the world’s largest cryptocurrency by market cap, bitcoin’s price has risen 65% since January 1. In February, it hit a billion dollar market cap and slid back to $900 billion.
The ARK Investment Management CEO, Cathi Wood, sees the ongoing meltdown in the cryptocurrency market as a buying opportunity. She said that ARK Investment Management is sticking with their long-term target of $500,000 for Bitcoin. Others, however, predict more losses ahead. But there’s hope. With a strong economy and more monetary policy, the price of Bitcoin may even reach $58,000 in a few years.
Some people believe the price of Bitcoin will hit $50,000 by February 2020. That may not be a wildly optimistic prediction, but it’s a solid forecast. As long as the price of bitcoin remains high, it will likely continue to rise and hit more than two million dollars in just ten years. And if it continues its upward trend, it will eventually hit $2 trillion. So, how much will 1 Bitcoin be worth in Feb. 2020?