Which updates in the coming months etc. will help bitcoin to recover to 20k again?
Novogratz says:
Bitcoin could be at $40,000 at the end of 2018. It easily could
There's a big wave of money coming, not just here but all around the world
Wall Street Strategist Tom Lee Says Bitcoin Could ‘Easily Double’ in 2018We still think the easiest way to look at Bitcoin, on a long term basis, is as a store of value. As the millennials generate income, they’re going to use it as a replacement for gold. If Bitcoin gets 5 percent of the gold market, that’s roughly $50 000 (per Bitcoin).
Bitcoin Adoption by Businesses in 2017Bitcoin Destined For $28,000 In 2018 - MoasWhy do I think Bitcoin deserves the same valuation as gold? It’s very simple, I don’t know how much Gold there is in the ground, But I know how much Bitcoin there is, and I also know that if the current pace continues with one to two mln people around the world opening up new crypto accounts. We will have a few hundred million people by this time two years from now trying to get their hands on a few million Bitcoin that are available.
The number (of Bitcoin available) is a lot lower than what people think it is. A lot of the Bitcoin has been lost, some of it hasn’t been mined and then you have a lot of people like myself that just won’t sell their Bitcoin at any price.
Adoption will increase the price