At the moment, the profitability of Bitcoin in 2020 confidently exceeds the mark of 240 percent, that is, the cryptocurrency has become one of the most profitable investments in the world over the past twelve months. At the same time, as we already know, some shares on the stock market still gave more percentage of profits. But all this will soon remain in the past, because very soon the world will celebrate the offensive of 2021. Journalists have gathered the hottest predictions of the price of BTC in the new year. Thus, it will be possible to understand the mood, which analysts and investors penetrated.
What will happen to the Bitcoin course?
The main trend among experts is to predict the cost of the value of the main cryptocurrency to the six-digit amount. Growth above 100 thousand dollars is quite real, the billionaire Ray Dalio is sure. According to him, Bitcoin has every chance to compete with gold for the role of a "solid asset", which will be the best bet in growing inflation. Here is his quote, in which the investor shares the point of view. The statement leads cointelegraph.
That is, the main argument in favor of further growth of Bitcoin is the instability of the usual financial system, from which many people simply want to insure.
Cryptuentusiast under the pseudonym Planb - the creator of the famous model of the Stock-to-Flow, is confident that by December 2021, the cost of Bitcoin will accurately cross the mark of 100 thousand dollars due to the growing demand at a fixed proposal. Here is his replica.
Here, the final argument in favor of the forecast was the limited bits of Bitcoin in 21 million coins. Increase this indicator or release the entire cryptocurrency in advance bypassing the plan will not work - and this is what investors appreciate it.
Another cryptocurrency analyst Willi Wu called his "conservative" target for 2021. He recently stated that Bitcoin has every chance to jump up to 300 thousand dollars. It came to this conclusion after analyzing the movements of coins on cryptocurrency exchanges. Wu believes that now more and more investors are withdrawn their bitcoins to keep them for a long time on cold wallets.
And indeed it is. Here are the statistics of this indicator in the form of a graph.
Even more optimistic predictions are based on the argument that Bitcoin may challenge and ultimately oust gold as a de facto means of savings.
Interestingly, some of the most optimistic forecasts began to come from representatives of traditional markets. In November, for example, the analyst from Citibank told customers that Bitcoin can reach 318 thousand dollars in 2021. Citibank Managing Director Tom Fitzpatrick also mentioned "unthinkable Bitcoin Rally with subsequent painful corrections."
Currently, Citibank leadership believes that BTC is in the fusion of a bovine trend, which seems to occur in a "clearly defined channel". And judging by his upper border, December 2021 can end for Bitcoin at a mark of 318 thousand dollars.
We do not take to make any bold forecast - moreover, it is unlikely that someone can be predicted with high accuracy to the top of the Bullran, if you do not take into account the blind luck, of course. The only thing we are confident - the main cryptocurrency will accurately surprise everyone next year, and the blockchain-assets industry is now much more mature than in 2017.
In addition, it is important to understand that the Bitcoin at the current record 25 thousand dollars there is no barriers to growth above, since it was not yet trite there, which means that possible resistance lines are simply absent. Accordingly, restrictions for the BTC hopping ramp will be except that the desire of investors will fix profits and the overall climate in the cryptocurrency market and in the global economy as a whole.
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