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, What can you expect from Bitcoin at the end of the year?, Forex-News, Forex-News
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What can you expect from Bitcoin at the end of the year?

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, What can you expect from Bitcoin at the end of the year?, Forex-News, Forex-News


, What can you expect from Bitcoin at the end of the year?, Forex-News, Forex-News

Bitcoin is the asset of the moment and whoever does not believe it is surely still focused on the past. Even the financial institutions themselves have begun to buy units in batch of this cryptocurrency and this is not precisely because it has almost increased 90% of its supply (21 million BTC), but because the deflationary model that Satoshi Nakamoto thought for this electronic currency it seems to be working.

The digital age, the confidence of investors, the limit of tokens and the acceptance at an international level -both from financial institutions, businesses and companies in general- has made Bitcoin is in a heyday. The cryptocurrency, whose price ranges between $ 50,000 and $ 60,000, seems that at any moment it will take off to unsuspected limits.

Bitcoin trading is the ace up the sleeve of many investors, who have used the strategy of the HODling (hold on, misspelled in English) to speculate on the price of the cryptocurrency. This in turn benefits miners, whose reward was reduced to 6.12 per block mined in the 2020 halving, as the gain on the FIAT money asset is significant. However, they assure that for the market to remain in balance they need BTC to continue to rise.

, What can you expect from Bitcoin at the end of the year?, Forex-News, Forex-News

All are waiting for the trend that the price of the currency will have in the second half of the year. But by gathering the predictions of experts and professionals in the field, we can come up with an idea of ​​what Bitcoin will be by December 2021.

Prudent forecasts

The euphoria over Bitcoin is not so present in banking companies like JP Morgan, which although they assert that this will be a good year for the main cryptocurrency, they do not point to a growth that exceeds $ 50,000 at the end of the twelfth month.

A bank spokesman offered statements to the Bloomberg media, in which he assured that in the long term, BTC could be one of the most profitable investments, since it could reach $ 146,000, but not for this year.

, What can you expect from Bitcoin at the end of the year?, Forex-News, Forex-News

Something similar commented the founder of BitBase, Adrià Llorens. He expects good things throughout the year for Bitcoin. His prediction is largely based on the outrageous way in which financial institutions accumulate funds in this asset.

Is it possible for Bitcoin to hit $ 100,000?

Some experts think so. One of them is the creator of the Stock and Flow (S2F) model, “planB”, which according to its own model confirms the possibility of the cryptocurrency reaching $ 100,000.

One of the specialists who are part of the believers of a high like this is Tyler Winklevoss, co-founder of the Gemini exchange, who recently commented that the currency would break the barrier of $ 60,000 thanks to the new stimuli signed by Joe Biden to safeguard the American economy.

Tyler along with his brother Cameron, are faithful believers in the “idea” that in the long run Bitcoin will surpass gold as a store of value, this in turn would position the crypto currency in values ​​that touch the sky ($ 500,000). But how feasible is this idea?

The competition between Bitcoin and gold

Comparing Bitcoin to gold in theory doesn’t make much sense. Gold, being a commodity, is a conservative asset, highly balanced, characteristics that you will never find is a cryptocurrency, unless it is a stablecoin (and even those can vary considerably). Bitcoin from its conception is volatile, even for the most reluctant to its adoption – like Peter Schiff – it represents a passing speculative bubble.

The real heart of the matter, and what people like Winklevoss sustain, is that if it is Bitcoin it manages, in some way, to remain stable in the market once all its units are in circulation, it will end up becoming a store of value . The problem is that until that point is reached, you really won’t know if it works, and assuming it could be risky.

Bitcoin is bought for its profitability, because it is a speculative asset that generates large profit margins. Whether it turns into digital gold or not is a matter of time.

What is most important for now is that this year looks wonderful for traders making life in the cryptocurrency market.



, What can you expect from Bitcoin at the end of the year?, Forex-News, Forex-News

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, What can you expect from Bitcoin at the end of the year?, Forex-News, Forex-News

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