What Is It, And Is It Right For Your Business?Currency exchange trading is steadily gaining popularity. The year also saw: big companies roll out big products, like Bakkt and its futures products; currency crises in Latin America and increased Sino-U.S. trade relations driving global discussions around BTC's potentially blooming status as a safe haven asset; a tipping point reached in the rise of pro-Bitcoin politicians; satoshi ” ossified into the English language itself; and Bitcoin's second-layer scaling solution, Lightning, continues to mature.
It's hard to accurately predict Bitcoin price, but considering the upcoming halving and historical data, I believe that minimum value will be around $6,500 and maximum value during hype can reach around $80,000, with a new solid bottom at around $15,000.
If you are going to regularly perform operations with bitcoins, mobile and desktop wallets are more suitable for you, and if you invest a large amount in the cryptocurrency for a long time, your choice is reliable hardware devices and computer wallets.
The final year of the decade has been a volatile one for cryptocurrency and blockchain, encompassing wild swings in the price of the original digital token Bitcoin and the first major step for big tech into the sector with the announcement of Facebook Inc 's ( NASDAQ:FB ) Libra cryptocurrency.
In January 2018, XLM hit an all-time high of $0.94. Heading into 2020, XLM is priced at around $0.06. The fast payment system and rock-solid development team could continue to build momentum for XLM moving forward, although XLM continues to face competition from every other digital currency that emphasizes high-speed transactions.
Before the end of 2019, the price of Bitcoin will fall even lower, beyond $6,500, due to another crackdown having been launched by China, unless a stronger determinant like the bullish speculation surrounding the Bitcoin 2020 halving event overpowers this fear.
I think you've already understood that and that's why you're looking at what the best investment for 2020 is. Since you have heard about Bitcoin as the best investment for the 2010s, you are wondering more specifically whether Bitcoin is the best investment for 2020.
These tools may seem complicated and confusing for a new investor but with time, they get to learn and appreciate how efficient they make the market be and increasing the chances of making a profit while reducing the magnitude of risks involved in foreign currency trading.