Since Bitcoin dropped from highs of $20,000 in Q4 2017, a slight spike in the price has always been welcomed with enthusiasm, even euphoria. Unfortunately, a drop would almost always send traders and investors into a panic.
All the same, Bitcoin bulls are convinced that Bitcoin’s market capitalization will be hovering around $1.5 trillion towards the end of 2020. With changing regulatory landscape, investment in infrastructure as well as increasing awareness thanks to the attention brought by Facebook’s Libra and the community’s effort, this overview is understandable. As noted by one bull, Karim Heiden, a business developer in the commodity and forex markets, “a trillion-dollar market…lies in the future implications [of Bitcoin and an ETF].”