Bitcoin Forecast 2021

 

Every Week since last december 2020 Bitcoing is hitting new highs all time and reaching 40k.Within 2021 x-mas bitcoin may hit another all time high that no one can believe. This digital currency is “probably going to $100,000, then $150,000, then $200,000,” Chamath Palihapitiya, chief executive of Social Capital, told CNBC when asked about how much farther the rally in bitcoin could reach. He added, however, that it was hard to give a time horizon for the milestones, given the hyper-speculative nature of cryptocurrencies.Ed Moya, senior market analyst at New York’s OANDA,told that many institutional investors who might typically be going into gold were now going onto the crypto .

Key points:

1.New investors are rushing to capture some of the wild gains in the cryptocurrency market.

2.Crypto exchanges and online trading platforms have seen a spike in activity recently.

3.Google trends data shows that web searches for bitcoin are on the rise again.

4.LONDON — Bitcoin’s record-breaking rally has led to a surge in retail investment interest in the cryptocurrency market.

5.Institutional investors are driving the price gains this time round.

Google Search Interest:

The total market value of all cryptocurrencies surpassed $1 trillion for the first time on Thursday, helped in no small part by bitcoin’s recent performance. Bitcoin, which also topped $40,000 a coin for the first time Thursday, is the world’s most valuable digital coin, with a market cap of over $700 billion.(source: https://www.cnbc.com/2021/01/08/bitcoin-rally-fomo-has-retail-investors-flocking-to-crypto.html

Market analysts, including strategists at Wall Street giants JPMorgan and Citibank, suggest the latest price surge could continue past $100,000 before retreating severely.(source: https://www.independent.co.uk/life-style/gadgets-and-tech/bitcoin-price-latest-b1784101.html)

Note:Forex and stock investment is high risk,so use your own analysis before taking any risk.