Share This Post

Bitcoins / Breaking News / Cryptocoins

How will the Markets React if Bitcoin Hits 20K

The value everybody wants for Bitcoin is $20,000.00. This exists as a benchmark for Bitcoin’s ‘normal value’ by this, I am suggesting that $20,000.00 is by no means a ceiling for Bitcoin, however it does mark a standard and healthy value for the currency.

Because of this, the majority of experts do believe that Bitcoin will hit $20,000.00 again. As it stands we don’t know how or when this will happen, nor do we know how long it will last. The important thing to consider here though, when Bitcoin reaches $20,000.00, the rest of the markets are sure to follow, at an incredible pace.

Since Bitcoin dominantes the markets by over 42%, we can only expect a $20,000.00 value for Bitcoin to reflect through a number of altcoins, including; Ethereum, EOS, and NEO.

Please note that this is speculative. Whilst Bitcoin can move up to $20,000.00, it isn’t guaranteed to do so. Therefore before you invest on this premise, please do your own prior research. More research means a safer investment, which means a safe and more reliable return in essence.

Ethereum is sure to follow Bitcoin in any future bull run. Ethereum is ranked in second place for market cap, way behind Bitcoin but still firmly in this position. As a result of its proximity, Ethereum stays tight to Bitcoin. When Bitcoin jumps, Ethereum does too and therefore, a $20,000.00 hit for Bitcoin will see Ethereum climb also.

EOS too will see a huge benefit from a $20,000.00 Bitcoin value. Recently EOS has made its own way up to an all time high exceeding $20.00. Since EOS is able to move up on its own, it can really make the most of a climb by Bitcoin too. If Bitcoin hits $20,000.00, we expect to see EOS fly straight past $30.00 as a result of this.

Finally, NEO. NEO is considered to be the Bitcoin alternative for China. As a result of this, when Bitcoin trading flies, so will NEO trading. Moreover, NEO is subject to Bitcoin sensitivity and thus, when Bitcoin flies, NEO will too. The top price for NEO is hard to predict, but even so, due to recent success from the currency, we could see NEO hit triple figures in the instance that Bitcoin hits $20,000.00.

As mentioned, this is based on speculation. Bitcoin may very well hit $20,000.00 one day and generally, the markets will follow. As it stands though, we can’t begin to guess when this might be, unfortunately.


Share This Post

Robert is a keen investor with a particular interest in cryptocurrencies. He has been involved in the industry for many years, and because of this, has gathered a lot of knowledge surrounding this area. He studied English at university level and has a passion for writing. He loves being able to combine his two mains interests on a daily basis.