Jon Nielsen, Publisher at CoinCodex

Speculation about the future performance of Bitcoin is understandably one of the hottest topics in the cryptocurrency community – not only is Bitcoin the biggest cryptocurrency on the market, but its performance usually also has a decisive impact on the rest of the asset class. 2020 is a particularly interesting year for this discussion, as the BTC reward for newly discovered blocks will drop to 6.25 BTC in Bitcoin’s third “halving”, which is expected to happen in May of 2020.

In this article, we will be showing how an investment strategy of purchasing $1,000 worth of BTC on the 31st of each month for the last 12 months would have panned out for you, and provide some interesting comparisons against ETH, the crypto market (excluding BTC) and the U.S. stock market (represented by the S&P 500 index).

May has been a tremendous month for the Bitcoin market, as the world’s largest cryptocurrency was trading at $5,300 on May 1, while it is priced at $8,700 at the time of writing (May 28). Unsurprisingly, such bullish action has drastically improved the market sentiment surrounding Bitcoin, with analysts and observers confidently stating their predictions for the future performance of BTC. Let’s take a look at some of the most interesting Bitcoin price predictions made in the month of May.

BitMEX is the world’s leading exchange for trading cryptocurrency derivatives. The process of registering on the platform is extremely quick, and requires no KYC. A big reason for the popularity of BitMEX is the fact that the exchange supports margin trading with up to 100x leverage (the upper leverage limit depends on the product you are trading). For TRON, the maximum leverage is on BitMEX is 20x.

BitMEX is the world’s leading exchange for trading cryptocurrency derivatives. The process of registering on the platform is extremely quick, and requires no KYC. A big reason for the popularity of BitMEX is the fact that the exchange supports margin trading with up to 100x leverage (the upper leverage limit depends on the product you are trading). BitMEX supports trading ETH with up to 100x leverage.

With the recent launch of Binance Chain, some blockchain projects are moving their tokens from other platforms to Binance Chain. However, many of them say they will continue to support the original tokens.

The cryptocurrency market rally that's been happening in April has reinvigorated the sentiment in the crypto community, and some people are even calling the end of the 2018-2019 cryptocurrency bear market. While it's a bit easier to be bullish now than it was a few months ago, let's take a look at some Bitcoin price predictions made in March before the latest spike in cryptocurrency prices.

BitMEX is the world’s leading exchange for trading cryptocurrency derivatives. The process of registering on the platform is extremely quick, and requires no KYC. A big reason for the popularity of BitMEX is the fact that the exchange supports margin trading with up to 100x leverage (the upper leverage limit depends on the product you are trading). BitMEX supports trading BTC with up to 100x leverage.

The surge in popularity of the initial exchange offering model has had an extremely beneficial impact on the tokens issued by the cryptocurrency exchanges that either already host IEOs or have announced plans to do so in the future. Other exchange-issued tokens have reaped the benefits as well.

Since the direction of the market is still uncertain, this is a perfect time to take a look at some Bitcoin price predictions. We’ve collected some of the most interesting BTC predictions made this year by notable industry figures, cryptocurrency traders and popular community figures. As always, price predictions should be taken with a grain of salt, but they can offer some interesting perspectives.