The Bitcoin market is characterized by its volatility, disappointing many analysts who expected big numbers at the end of 2019 and the beginning of 2020.

Bitcoin saw a catastrophic drop from around $20,000 in December 2017 to less than $4,000 in December 2018.

And it remained stagnant throughout 2019, except for reaching the number of $13,000 and returning to the value of $6000 to $8000.

But 2020 will be a great year for bitcoin, said Tom Lee, founder of Fundstrat, who made the prediction while discussing bitcoin on CNBC.

Tom Lee Tweet embed He says 2020 will be a good year for # bitcoin. He explains. pic.twitter.com/oEHiEJKE4m

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CNBC Fast Money (CNBCFastMoney) January 23, 2020

When asked if he still sees Bitcoin going to big numbers in the future, he stated:

indeed.

2020 should be great for Bitcoin, because the Bitcoin reward halving will happen, the block reward for miners will be halved, which is a good resource for the main chain.

I think in the last year, the White House killed Bitcoin’s rally by turning against it.

But as the presidential election cycle begins, Bitcoin will not be in the headlines, which is bullish for Bitcoin.

And you know, geopolitical tensions in the Middle East, I think that’s a good thing for crypto.

Experts from all over the world made huge predictions for the price of bitcoin, including “John McAfee,” who is considered a bitcoin advocate, and said that bitcoin is the future, but his prediction was exaggerated.

Therefore, believing in Lee’s statement that the bulls will return in 2020 is very difficult.

There was a time last year when Bitcoin soared above $10,000 for a few months, and when it did, people like Changpeng Zhao, founder of Binance, said that those who sold bitcoin under $10,000 should slap themselves.

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However, what followed was the opposite of what many observers had predicted, and no explanation was offered from these influencers.

Which leaves us with the essential question, “Will the bulls return to the crypto market?”

Investors should realize that Bitcoin is not an asset that makes one rich overnight, but rather an asset that should be held for a long time so that it may pay off.

The more people hold it, the better the chances of its growth, and this is the case with most other financial assets.

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