In early January 2021, Bitcoin updated the historical maximum, approaching the $ 42,000 mark. However, many market participants, including the Fundstrat Global Advisors, are confident that this is not the limit. Russian experts also adhere to bullish forecasts. How much does Bitcoin cost and whether to invest in this asset, Beincrypto recognized Kickex Anti-Danilevsky's Cryptocurrency Exchange.
Anti, Bitcoin is recognized as the most profitable asset over the past 12 years. The price of cryptocurrencies was raised, then fell. What is worth waiting from the PTS in the near future?
A.D.: One of the most popular phrases in trading - "Story is repeated." And indeed, in general, we are observing the repetition of the situation that was happening at the end of 2017, when Bitcoin, after the update of its historical maxima, demonstrated another cycle of stormy growth. At that moment, the number of search queries on the topic of Bitcoin and cryptocurrency, various known persons commented on their investments in cryptocurrencies, and novice investors were looking for options as profitable to invest their fate money in cryptocurrency.
Together with the increase in the price of Bitcoin in early January, cryptocurrency volatility sharply increased. How will this affect the market?
A.D.: Indeed, with increasing prices, Bitcoin has increased and market volatility, which ultimately can lead to a small rollback of cost. However, this is quite a normal phenomenon for the cryptocurrency market. Again, it is worth paying attention to the history of the market formation: the growth has always followed the fall, and then again rapid growth.
At the moment we see another growth cycle, which Bitcoin pleased investors in cryptocurrency. The price of BTC began its growth back in October and after a short consolidation near the level of its historic maximum of $ 20,000 showed growth, finishing the year at $ 29,000. Since the beginning of the year, the price of BTC continued growth and currently trades in the range where the upper border is new A maximum of $ 42,000 and the lower $ 30,000.
What will happen in the near future with the course? When to wait "lower"?
AD: If you look at the story and analyze the previous growth cycles, it can be assumed that there is a certain pattern, on the basis of which it is possible to estimate the potential of BTC growth. Looking far back in the past when BTC cost about $ 13 and the phase of active growth began, we will see an approximate growth from the past historical maximum to the new in the region of 9000%.
Next, after the next update of the historical maximum of $ 1,100, the price of BTC reached a mark of $ 20,000, which is approximately 1500%, which is 6 times less than last time. At the moment, if we consider that the cryptocurrency and BTC market goes to a more mature stage, which confirm the volume of trading and number of participants, one can assume the nearest potential growth after updating a historical maximum in 250%, which in the price expression will be $ 65,000 per BTC.
What are the main factors influenced a new huge splash of the interest of people to cryptocompany? How will this affect the fate currencies?
A.D.: One of the main factors that had a significant impact on the price of BTC price and the cryptocurrency market was the COVID-19 epidemic. After the panic sales, cryptocurrency in March, the most far-sighted investors were quickly realized: a pandemic will adversely affect the real sectors of world economies that work offline. And they began to form portfolios cryptocurrency.
To support its economies, the government began to expand the incentive programs and produce additional emissions of the fate currency, in particular the United States, which also allowed the Bitcoin to gain value.
More than to play many institutional and large investors to play, including GRAYSCALE INVESTMENTS (about 600,000 VTS), MicroStrategy (70 470,470 VTS), Ruffer Investments (45,000 BTC) and Square (4709 VTS), and bought a substantial part of the BTC offer from the market .
In addition, the unstable political situation in the USA helps to grow Bitcoin, where the change of the country's leader passes in a rather nervous mode. This, in turn, increases the risks of investing in the American stock market. But in this case, the appetite for risk and the receipt of profitability in many investors is preserved, especially when they see the next Bull-RAS BTC.
True, many of them have not yet decided to invest, because for many hedge funds, BTC volatility is unnecessarily risky. For example, BTC correction by 27% after a level test $ 42,000. But the longer the cryptocurrency market exists, the more participants comes to it and thereby increase the volume of trading, making it more efficient.
As for the fiatny currencies, cryptocurrency develop in parallel and can not yet have a serious negative impact on them. On the contrary, we see that after the rapid growth in popularity, cryptocurrency, the governments began to introduce restrictions on the use of digital currencies. For example, the United States and the United Kingdom are already developing the rules for regulating the turnover of stelkopins.
Russia prohibits the use of cryptocurrency as a means of means. Here I tend to believe that the cryptomic will develop until it has a serious impact on the global economy. As soon as the governments feel the danger from Bitcoin and other coins for the national currency and the country's economy, all measures will be taken to limit the circulation of digital currencies.
Is it worth investing today in Bitcoin?
A.D.: It is important to understand that investing in cryptocurrencies is associated with risk, since the price is susceptible to high volatility. To protect yourself from unnecessary losses, it is important to approach investment deliberately and make a portfolio cryptocurrency, gradually gaining positions on various tools.
It is worth noting that after this rally Bitcoin is in the top 10 global capitalization assets rating, next to the shares of companies such as Apple, Amazon, Tesla, Microsoft, etc. But Bitcoin is not an action and the potential for its distribution and use is significantly higher. Since BTC is also a payment tool that is gaining increasing popularity.
An important point is the fact that the central banks of many countries are already actively implementing the technology of the blockchain and engage in tests for the release of their digital currencies, which may noticeably expand the scope of the cryptocurrency and popularity.
You can purchase Bitcoin both on our platform and on P2p sites. However, it is worth remembering the security of the transaction. In addition, I recommend constantly improving my knowledge about this asset, as the new technologies come to the cryptocurrency market almost daily. For example, on our site we collected a whole selection of training articles. It is also possible to find educational materials on other open sources. The main thing is to have a desire to learn and take new knowledge.
- Thanks for the conversation.
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