Experts believe, 2020 will be the year of utmost importance for Bitcoin. A lot is bound to happen, starting with a long-awaited Bitcoin block halving. Planned for May 2020, it is one of the most significant market events that may drive affect Bitcoin price.
Bitcoin community believe that the launch of Bakkt – Bitcoin futures platform – will also contribute to Bitcoin’s further adoption inside traditional financial system and will attract big institutional investors to enter the cryptomarket.
Technological advancement is another important factor that may drive Bitcoin price higher. Developers are working on Lightning Network technology, which is aimed to cut the cost and time of Bitcoin payment.
According to some latest Bitcoin price forecast, the world’s top-traded crypto can go up to $50,000 by 2021.