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05 December 2020

Citibank Analyst Thinks Huge Things Could Happen for Bitcoin | Live Bitcoin News

Citibank Analyst Thinks Huge Things Could Happen for Bitcoin | Live Bitcoin News


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With bitcoin now trading for just under $18,000 – a near $1,000 gain from just two days ago – many analysts and industry experts find themselves wondering where bitcoin will go next.

The currency has been on one of its biggest bull runs since 2017, and many believe that 2020 will end with bitcoin striking its all-time high of $20,000 per unit once again.

In a recent report, Fitzpatrick claims that bitcoin’s present momentum is rather similar with that of gold during the 1970s.

In addition, the way bitcoin is viewed now is quite similar with how gold was viewed during the 1970s.

This has allowed bitcoin to work in a manner similar with gold, especially now that the economy has been weakened thanks to the growing coronavirus pandemic.

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