Brian Kelly believes that the next bitcoin cycle will create new highs

Brian Kelly is one of the most famous bitcoin bulls. Despite the fact that Bitcoin has weakened by about 4 percent over the last day, he is confident that he is going to a new bullrun.

Bitcoin's value has been rising for several weeks and has strengthened by over 30% since its last low. This awakens a number of well-known bulls, including Brian Kelly, founder and CEO of BKCM LLC.

Kelly even returned with his bravest prediction that Bitcoin would surpass its record value - $ 20,000. But we'll have to wait for it. "No discussion (reaches new all-high-high) in the next round. We are probably talking about a two-year cycle, ”he said.

There are several reasons why he believes this prediction will be true. Kelly's main argument is the approaching halving, ie halving the reward for Bitcoin Miners, which will take place in 2020.

`` The Bitcoin cycle begins most of the year before (before halving) and ends one year after it. So during this two-year period, we will probably see a big increase - especially if the institutions get into the market - and I think we will overcome the maximums so far, "he said persuasively.

Kelly is among those who believe that Bitcoin has already bounced off its bottom, which has found around $ 3200 at the end of last year. According to a traditional guest in the CNBC studio, Bitcoin has not fundamentally damaged this fall and is currently doing very well:

The number of active wallets has risen by 26% since January
Transactions returned to 2017 level
Interest in CME Bitcoin Futures is growing significantly
Do you agree with Kelly's opinion or do you expect to test the November 2018 bottom?

My publish0x blog: https://www.publish0x.com/free-life
https://www.publish0x.com?a=4openBpe7A