Is Cryptocurrency Coming Back or Going Away for Good? Founder and CEO of Velas, Alex Alexandrov weighs in.

Is crypto a fad or the future? Will 2020 BTC Blockchain halving have a price impact? Cryptocurrencies have kept a relatively low profile in 2019 following a record-breaking rise in 2017 and then a spectacular crash in 2018. Are they worth revisiting in 2020?

Velas Network AG founder and CEO Alex Alexandrov believes the 2020 to be the next big year for Bitcoin and Crypto Currency in general: ‘’Although some say this time Bitcoin halving will be priced in, one has to first understand that even slight news out of China send prices up or down 40% in daily price. This is easily explained by 90% of exchanges volumes being fake trading, meanwhile the crypto resources sites rank very high on world search engines and shows real attention from masses. When combined with limited supply of coin and most importantly 5% of world electricity being used to mine cryptocurrency, halving the production of the main asset in this economy will and always will have massive price increase which either come prior (hopefully not) or gradually right after the halving event, which is exactly what the math behind it intended to make it sustainable. I would only believe this event is priced in already if all exchanges were regulated and traders were seasoned professionals, banking on and off ramps were working with ease and liquidity was stable, none of which is true and until it is we will continue to see occasional 600% price jumps due to artificial roadblocks and bottlenecks when everyone rushes in and tries to get in before the rest.’’