Bitcoin's Bear Market Isn't Over Yet, Tom DeMark Says

in #gjdkhls • 2 years ago

The investment management firm is bullish on the price of bitcoin, predicting that its price could rise to $25,000 by 2020.

DeMark says in a new report that he believes bitcoin will be the next digital gold. He also thinks that the cryptocurrency could hit $25,000 per coin by 2020.

DeMark said: I believe that Bitcoin is going to be the new digital gold. He added: It's not just a speculative asset anymore; it's an actual currency.

Bitcoin has been on a tear recently, climbing to record highs above $20,000 in recent weeks. The cryptocurrency has been trading above $16,000 since December 22, according to data from CoinDesk and CoinMarketCap.

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