Thanks to the financial crisis caused by Coronavirus, the price of Bitcoin has grown a lot. But how did Bitcoin wake up?
2020 will be remembered as the year of the Coronavirus. But, also as the year of Bitcoin. In fact, in December, the cryptomone currency marked almost a historical maximum per week. But how did Bitcoin wake up in 2021?
The year that just ended was without a doubt the best year in the history of Bitcoin. With a rally that began in the third quarter of the year and has taken it past the $29,000 mark.
Let’s keep in mind that 2020 started with a BTC at $7,236, which now stands at $29,372.
CryptoTrend wishes you a Happy 2021!
How did Bitcoin wake up in 2021?
Bitcoin reaches a record high of $29,372 today. It’s indeed the best price for cryptomoney since 2017.
With the end of 2020, Bitcoin Up also closed its best quarter since June 2019. After that, the currency embarked on a downward streak, which it didn’t manage to break until March 2020.
The doubts now lie in whether 2021 will still be the year of Bitcoin. Or if on the contrary we’ll see sharp reversals. Dreaming doesn’t cost anything.
Bitcoin Cash Still Can’t Wake Up
In short, investors are optimistic about Bitcoin’s future in 2021. However, it could still face some obstacles.
So, Rodolfo Andragnes, president of the NGO Bitcoin Argentina, said he expects Bitcoin to close in 2021 at $40,000.
Likewise, Pye, executive director of 3iQ, one of the largest crypto-copper fund managers, said, „In 2021 the price of Bitcoin will be around 30,000. And that by 2022 it would reach 50,000“.
He added: „I think Bitcoin has some short term risks. But the reality is that the long term is very promising.
Scott Minerd, chief investment officer of Guggenheim Investments, said, „The printing of money by the Fed will push Bitcoin above $400,000.
Similarly, in his report „Bitcoin: Gold in the 21st Century,“ Thomas Fitzpatrick, an analyst at Citibank, made a comparison between the movements that gold had in the 1970s with the expected movement in the value of Bitcoin in 2021.
In fact, Fitzpatrick predicts that by the end of this year the price of Bitcoin will be $318,000.
As a curious fact, the article was leaked through a Twitter user.
Has Coronavirus been negative for Bitcoin?
Certainly, Bitcoin surprises with its strong growth and several are already putting a price on it for this year.
Under these circumstances, Dan Morehead, CEO of Pantera Capital, predicted that Bitcoin prices could reach $115,000 by August 2021.
Additionally, Bobby Lee, founder and CEO of Ballet Crypto, expects Bitcoin’s price to increase more than 30% by the end of 2021, reaching $40,000.
In addition, Mike Novogratz said, „Bitcoin will do very well in 2021. As good or better than in 2020. The price of Bitcoin will reach $65,000.
However, not everyone can be optimistic. Nouriel Roubini, says Bitcoin will collapse as a result of future regulation.
So it’s worth asking if we’re currently facing a new investment alternative. Or how much the scenario has changed in three years, to maintain this growth dynamic.
Finally, how did Bitcoin wake up this year, and what’s next? Leave your opinion in the comment box.
I’ll say goodbye with this sentence from María Robinson: „Nobody can go back and start again. But, anyone can start today and make a new ending.