Bitcoin to rise & hit $20000 mark within the next 7 days due to US-China Trade wars.
Cryptocurrency dominant coin in the Bitcoin is at it again, rising at alarming rate sending the market into a buying frenzy. Speculators are holding their breath with many having bet that this spike in BTC price will surpass the $2000 mark it reached two years ago. They have given it less than 7 days to break the glass ceiling.
At the time of posting this article, 1 BTC was valued at $7060. Sources in the Crypto world are attributing this sharp rise in Bitcoin price to the US-China trade wars.
Many believe that investors are turning to use the unregulated virtual currency as a safe bet to safeguard value of their money.
Despite the sudden rush to buy Bitcoin, some investors are cautious not to get carried away by the euphoria and are willing to play safe waiting for triggers that may send BTC value to plummet. There and then is when they can dump bitcoins the hold into the market.
All we can now is wait and see.