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2021 – The Year of Bitcoin
Bitcoin couldn’t have had a better year. 2021 managed to be of historical value for this cryptocurrency as it broke numerous records in value. These days, Bitcoin is as valuable as gold, which is something that no other product or service has managed to achieve.
The spike in interest and value of this cryptocurrency has been nothing short, but amazing, which is why we wanted to take some time out and see where Bitcoin stands at the moment, but also check what the experts think on the question: will Bitcoin continue to rise in the upcoming months. Let’s check out all the details.
Bitcoin At the Moment
At the moment, Bitcoin is enjoying its stay at the top. The institutional interest has been on the rise lately, especially after the famous Tesla investment in which the automotive company joined the network by investing $1.5 billion in Bitcoin and announced that they will accept it as a payment method. Many companies followed the footsteps of Tesla, which made the network even more stable and increase the value of this cryptocurrency.
Those that are looking to profit off Bitcoin will be glad to hear that its current value fluctuates between $50,000 and $60,000. But, the one big problem that they faced is the volatility rate. Because Bitcoin is a highly volatile cryptocurrency, they had trouble maximizing their profits. However, all of that has changed.
These days, reputable trading sites provide traders with advanced services that can help them maximize their profits. One of the platforms that utilize these types of services is the-newsspy.org/. This trading platform uses advanced software that scans the market and collects all relevant information about Bitcoin.
The data that is received is then analyzed and used to make accurate predictions on Bitcoin’s future fluctuations. The results are shared with the traders who now have intel on when to sell their assets and bag the highest possible profit.
These advanced services are the reason why Bitcoin trading at the moment is easier and more profitable than ever before. The fact that there are around 100,000 Bitcoin millionaires also speaks for itself.
As you can see, at the moment Bitcoin is extremely stable and its value is high. But what about the rest of the year.
End of 2021 Expectations
Thanks to the high institutional interest, as well as the fact that history showed us that Bitcoin peaks in value a year and a half after halving events end, experts believe that this is just the beginning. Bitcoin will most likely reach its peak in the fourth quarter of 2021 and possibly reach a value of over $100,000, which is truly mesmerizing.
Just a reminder, the last halving event took place in May 2020, which means that the drastic rise can be expected around September or October this year.
What About the Distant Future?
The distant future of this cryptocurrency is hard to determine. Here’s why. The acceptance rate of Bitcoin is growing rapidly. After all, there are around 5 million users around the world these days and thousands more are joining with each passing day. Not only that, but as we stated earlier, the institutional interest is massive and many companies, including global brands, started accepting it as a payment method.
But, the problem is that Bitcoin is highly decentralized and self-sustainable. That means that banks and/or governments have no control over it. Not only that, but Bitcoin completely excludes banks from every transaction and does not allow them to profit with online payments. Hence, they oppose it a lot and invest a lot of funds into making sure that Bitcoin remains an outlaw.
The complicated situation makes it impossible to foresee its distant future, which is why only time will tell.
This article does not necessarily reflect the opinions of the editors or the management of EconoTimes