Surprise! State-Owned Bank Says Bitcoin Price Is Too Low

Cryptonews Source: iStock/hocus-focus A German bank believes that bitcoin prices are in for a major boost next year, and says current prices do not take into account the token’s forthcoming mining reward halving – expected to take place in May 2020. The bank estimates that BTC might hit USD 90,000, while it trades at c. USD 8,200 today. Bayern LB, a bank that is 75% owned by the Bavarian state, has made October 02, 2019 at 01:21PM By Crypto News