Why BTC will be $ 30,000 by the end of the year

Well, one of the cryptocurrency investors, Mr. Jehan Chu, says, "Three reasons why Bitcoin will reach $ 30,000 by the end of the year."

In an interview, Jehan Chu, managing partner of the cryptocurrency investment firm Kinetic Capital, explained three reasons why Bitcoin could reach $ 30,000 by the end of the year.

He also said that other cryptocurrencies are bullish on Ethereum and Ripple.

Ten years after the birth of Bitcoin.

Chu said that "the story is becoming reality" as the first reason, leading companies such as JP Morgan, Facebook, Fidelity have entered one after another

The second is disappointment with the IPO market.

"The recent Uber-Lift IPO is disappointing," Chu said, saying that people are looking for "different types of high-tech success stories" within their reach.

Like Dr. Chu, well-known VC Tim Draper critically sees IPOs such as Uber and Lift.

The other day, he pointed out that "Wober and the lift had already been known for a long time to the public" and that it was out of freshness, and asserted the superiority of bitcoin.

The third is that the half life of Bitcoin is approaching one year later.

Historically, it was pointed out that half-coin increased bitcoin by two orders of magnitude.

The reward for the minor approving the bitcoin trade is halved every 210,000 blocks.

The current reward is 12.5 BTC, and the next half-life to reach 6.25 BTC is estimated to be 22 May 2020.

Many analysts predict bitcoin rise because of half-life just like Chu.

Meanwhile, with regard to altocoin, which is a virtual currency other than bitcoin, Chu said that he is focusing on ethereal in terms of utility. "I was surprised at the high penetration rate, the number of developers, and the idea of ​​a distributed computer, and some people said that they will eventually disappear, but that's not the case.

He also noted that founder Vitaly Buterin was just 24 at the recent Microsoft conference and that "big companies are in the process of deciding what to do next, and I think I'll be bullish and good."

He also mentioned ripples.

Ripple said it has made great strides in providing various settlement currencies and building partnerships with banks.

In this story, with the exception of “half-life,” there is little concreteness in the numbers, so by the end of the year we didn't see $ 30,000.

Along with the recovery of Bitcoin prices, the trading volume has also steadily recovered.

Although there is a temporary decline, the fun has increased this year!

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