Investments in the first cryptocurrency remain high-risk, but some factors indicate the likelihood of further price increases. That’s why a lot of people wonder ‘What is the prediction for Bitcoin price?’.
In February, the cost of Bitcoin has reached another all-time high of $52.6 thousand. A new round of growth was caused by attention to the main digital coin from large companies. One of the latest Bitcoin investors The Motley Fool estimated the growth potential of Bitcoin at $500 thousand for the next 15 years. What should you know about Bitcoin price prediction 2021? Let’s try to find out!
What Is the Prediction for Bitcoin Price in 2021?
What is the prediction for Bitcoin price? Well, the BTC increase to $50 thousand not only brought profit to investors but also took an interest of major media outlets. As a result, there are many more people who want to invest in Bitcoin. This situation was considered on Twitter by cryptanalyst Michaël van de Poppe.
Along with the price growth, the high interest of institutional investors will stimulate Bitcoin purchases and affect its value in the near future. However, digital coin investments remain high-risk.
Acquiring an asset in the hope of its further growth is a very risky way since the value of Bitcoin can either continue to grow or fall several times. Thus, it’s really important to know a lot about bitcoin price prediction.
Bitcoin Price Prediction Today: What Do Analysts Think?
What should investors know about Bitcoin price prediction today? According to crypto analysts, against the background of the crisis, Bitcoin became a protective tool due to low interest rates, which led to a drop in the profitability of exchange tools. Bitcoin not only protected its holders from risk but also brought profits tens of times higher than that of gold, which has risen in price by 30% in 2020.
These thoughts are supported by a chart posted on Twitter by Holger Zschaepitz, senior economics and finance editor at the German newspaper Die Welt. He argues that investors are increasingly turning to Bitcoin for hedging instead of gold.
The Motley Fool decided to use Bitcoin also as a hedging tool to protect against inflation. What is Bitcoin price prediction today? The company’s analysts say that in the next 10 years, the volatility of the main digital coin will decrease and will allow it to become a full-fledged payment tool.
Bitcoin Future Price Prediction: Parabola Movement
How does Bitcoin future price prediction look like? An analyst and trader Peter Brandt noted that the historical behavior of Bitcoin quotes indicates a parabolic cyclicality. On a chart posted, the projected cost of Bitcoin is more than $200 thousand. Proceeding from this, 2021 can really become a year of parabolic growth, repeating the situation of 2013 and 2017. However, it’s better not to rush events.
But still, what is Bitcoin future price prediction? A $100 thousand mark appeared in the media long before Bitcoin reached $20 thousand or $50 thousand, as a fair price for the very first cryptocurrency. In many respects, the community is oriented towards achieving it.
Earlier, Bitcoin rose sharply due to the statement of the German company SynBiotic SE about the desire to invest a part of the funds in it. Another news also played a big role. Among them, news that the largest holder of the first cryptocurrency among public companies, MicroStrategy, was preparing to invest another $900 million in it.
What can you guys say about Bitcoin price prediction? Feel free to share your price forecasts in the comments!