A closely followed crypto trader just emerged from the shadows to reveal his Bitcoin, Ethereum, XRP and Tezos price targets for 2020.
AngeloBTC, a self-proclaimed whale whisperer known for being a top trader on BitMEX, was last heard from in October of 2019. At the time, he accurately predicted BTC would dive down to the $6,000 range.
Now, after a long hiatus, the trader says he believes Bitcoin is back with a vengeance, and says his minimum take-profit zone for BTC this year is $30,000.
Angelo expects Bitcoin’s meteoric price rise to ripple out to the altcoin market. He’s looking for Ethereum (ETH) to hit $500, XRP to hit $1 and Tezos (XTZ) to hit $10.
Good luck, have fun.
— Angelo฿TC (@AngeloBTC) February 18, 2020
The trader isn’t revealing his methodology, but his BTC target is in line with a long-term prediction he made in March of last year.
In the end, Angelo warns fellow investors that he believes Bitcoin will either be massively successful or a total failure.
“Cryptocurrency as an asset class is minuscule – a drop in the bucket. A $1T+ market cap would still be undervalued for crypto to have any meaningful impact as a store of value/currency. The end goal for Bitcoin as an investment is a binary outcome. It goes to 0 or you 10x your investment. There is no in-between.
It’s really that easy. If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.”
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/GrandeDuc