The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Analyst Tone Vays Predicts 12-Month Bitcoin (BTC) Trajectory, Says Three Factors Will Drive People Into Crypto

by Daily Hodl Staff
April 26, 2020
in Bitcoin

Crypto analyst Tone Vays is laying out his predictions for the global economy and Bitcoin in the year ahead.

In a new ask-me-anything hosted by ChainTalk, Vays says governments will take wide-ranging actions to mitigate the damage to economic growth triggered by the coronavirus. He believes lawmakers will raise taxes to make up for lost revenue from businesses that have to close their doors.

In addition, he thinks countries may be forced to stop using the euro as their national currency or decide to abandon it on their own. Vays also expects governments to tighten their grip on the movement of money, as Australia’s central bank did last year to combat capital flight and rising inflation.

[the_ad id="93550"]

“All of this will drive people into Bitcoin. And the halving is coming in a few weeks so once Bitcoin’s daily supply to the miners gets cut in half, there will be a lot less selling pressure.”

In the year ahead, Vays expects an increasing number of investors to view Bitcoin as an alternative, uncorrelated asset that can act as a hedge on the global economy. As for 2020, Vays is bullish, but warns the stock market may limit how far Bitcoin’s price can move.

“I believe that the worst for Bitcoin is over. As for the stock market, I’m not so sure. I believe over the 12 months people will start to consider Bitcoin a safe-haven asset that could also bring them a better return…

I can see Bitcoin rising to as high as $8,500-9,000 on this run up over the next month or two, after that I think it will pull back down but I don’t see Bitcoin falling under $5,000 again. If the economy continues to be poor, Bitcoin will probably not go up much because people will just not risk the money they have left on Bitcoin. As for end of 2020, I think Bitcoin will be around $10,000.”

 
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 losses 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/Tithi Luadthong

Submit a Press Release

Industry Announcements

  • Avail Goes Full Stack to Capture $300bn Global Blockchain Infra Market
    June 17, 2025
  • Fans Hash Launches Zero-Barrier Cloud Mining With Daily Payouts and Global Pool Access
    June 16, 2025
  • Universal Digital Inc. Announces Bitcoin Treasury Strategy Across North America and Asia
    June 16, 2025
  • FIFA Rivals Launches Worldwide, Bringing Non-Simulation Arcade Football Action to Mobile Devices
    June 12, 2025
  • Polemos Announces TGE and a Game-Changing Strategic Partnership With BUFF Accelerating Web 3.0 Adoption
    June 12, 2025
  • Bitpanda Opens the Gate to Web 3.0 With Vision (VSN)
    June 12, 2025
  • tBTC Launches on Starknet, Expanding Bitcoin’s Role in Multi-Chain DeFi
    June 11, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$105,726.33
$105,726.33
0.93%
Ethereum
$2,551.63
$2,551.63
2.29%
BNB
$653.47
$653.47
0.19%
Solana
$150.89
$150.89
3.07%
XRP
$2.20
$2.20
2.46%

Spotlight

  • $947,000 Allegedly Stolen From Wells Fargo ATM Machines As Employee Scrambles To Cover Trading Losses: Report
    June 10, 2025
  • Nasdaq Includes XRP, Stellar (XLM), Solana (SOL) and Cardano (ADA) in Firm’s Crypto Index
    June 10, 2025
  • BlackRock Bitcoin Fund Flies Past $70,000,000,000 Faster Than Any Other ETF in History: Bloomberg Analyst
    June 10, 2025
  • Man Sentenced to Federal Prison for Leading Widescale Check Fraud Scheme That Resulted in $165,743 in Losses
    June 10, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl