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BITCOIN TO $55,000 BY MAY 2020, CNBC’S JOE KERNEN HINTS

Popular American broadcaster Joe Kernen, a member of the Bitcoin bull camp, has announced BTC takeoff ahead of the May 2020 halving.

On CNBC, he once again noted the growing potential of the largest cryptocurrency and emphasized that the reduction in the bitcoin miners’ award would be a new stage in strengthening investor interest in the new asset.

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Kernen attributes the potential increase to the new bitcoin, which is estimated to happen around May 2020. When this happens, miners will receive 6.25 BTC per block instead of 12.5. Bitcoin creator Satoshi Nakamoto created this approach to make BTC a deflationary asset, limiting the maximum supply volume to 21 million coins.

Bitcoin mining will be halved immediately in May, so already before halving we will see a rapid rise in BTC due to aggressive coin purchases. Kernen does not exclude that the Bitcoin exchange rate will jump to $ 55,000 by the end of next spring.

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This TV presenter is known for having recently publicly ridiculed the position of US Treasury Secretary Stephen Mnuchin, who announced the collapse of Bitcoin. In that conversation, the official said that in a few years we would forget about BTC and expressed concern about the growing scale of the criminal use of coins.

Judging by Stockton’s reaction, she first thought that Kernen was joking. Then the co-host of Squawk Box presented several fundamental analysis arguments that seemed reasonable and believable. Other co-hosts, Andrew Ross Sorkin and Rebecca Quick, almost laughed at Kernen’s bold prediction.

However, Kernen said then and continues to insist now that fiat money is mainly used in criminal schemes, and Bitcoin is not popular among criminal structures.

In addition, the TV presenter reiterated that BTC is in fact “digital gold” and its popularity will increase as demand for innovative forms of preserving value increases.

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