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Question answered on Musing.io by jplaughing

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· @jplaughing ·
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json_metadata"{"app":"musing/1.1","appTags":["bitcoin","cryptocurrency"],"appCategory":"bitcoin","appTitle":"Are you sure if the price of Bitcoin will reach the point of $ 20,000 usd / btc next year?","appBody":"<p>No,&nbsp;</p>\n<p>and I don't think it will even reach $10,000 again in next year.</p>\n<p>The overly inflated price of Bitcoin was primarily a result of Chinese investors pumping all their money into it,</p>\n<p>as a good means of hiding and laundrying money.</p>\n<p>They held on to about half of all coins, and controlled over 50% of the mining operations.</p>\n<p>Now, that the Chinese cannot easily invest into cryptos,&nbsp;</p>\n<p>due to the governmental regulations,</p>\n<p>there's just not going to be another enormous bubble.</p>\n<p>Who's going to pump it?&nbsp;</p>\n<p>Not Chinese.</p>\n<p>And the next economic crisis is approaching anyway.</p>\n<p>It don't look too good for the crypto market.</p>\n<p>But hey, a lot of popular coins will become penny coins.</p>\n<p>Make sure to invest you birthday money and hodl for 5 years.</p>","appDepth":2,"appParentPermlink":"fk9yxkw3w","appParentAuthor":"owner99","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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