CNBC host predicts $55k BTC price after next halving in May 2020

posted 19 days ago
Joe Kernen, a host of CNBC “Squawk Box”, while speaking to Katie Stockton, the founder and managing partner of Fairlead Strategies (a global financial markets reporting company), asked Stockton if she thinks that BTC could hit $55,000 by the next block reward reduction, slated to occur during May 2020.

Kernen then proceeded to explain the reasoning behind $55,000 price prediction “Bitcoin is the first scarce digital object the world has ever seen, it is scarce like silver & gold, and can be sent over the internet, radio, satellite etc… The model predicts a Bitcoin market value of $1T after next halving in May 2020, which translates in a Bitcoin price of $55,000.”
Tags: opinion, blockchain, bitcoin, news