What Are Bitcoin’s End Year Projections?
End Year Projections: When Bitcoin started rising in value and topped $20,000, many believed that it will plunge in value, just like it did in 2017.
Bitcoin trading has never been more popular. Thanks to the fact that this cryptocurrency managed to dominate the first quarter of 2021, thousands of people are joining and registering at this network to trade and make a profit with this cryptocurrency.
When Bitcoin started rising in value and topped $20,000, many believed that it will plunge in value, just like it did in 2017. But that did not happen. Instead, Bitcoin maintained its stability and continued to rise in value. After the famous Tesla investment, it even managed to break the $50,000 mark.
With that being said, we wanted to take a look at what do the experts think will happen with this cryptocurrency by the end of the year. Without any further ado, let’s dive into this topic and uncover all the details.
Bitcoin at The Moment
At the moment, Bitcoin’s value fluctuates between $50,000 and $60,000. Due to the fact that this cryptocurrency has a high volatility rate, its price drops and rises with each passing day. While you may think that his presents a big problem for the traders, that is not quite accurate. Here’s why.
One thing that all of us know about trading with Bitcoin is that the process is done on trading sites. The more reputable the trading site is, the higher the chance of earning a profit is and we can explain how. In the recent period, trading sites started offering a very advanced service that helps traders battle the volatility rate.
This service includes the use of an AI system that takes all the data about Bitcoin from the market. The data is then analyzed and used to make accurate predictions on its future fluctuations. Then, the results are shared with the traders. Bitcoin System is one of the sites that features the most advanced AI system of this character.
These predictions are very accurate and help traders maximize their profits. That is the reason why trading has never been easier and more profitable. So, if you are a trader looking for a solid platform to sell your Bitcoins, click here.
End of Year Projections
One thing that all experts and analysts are certain of is that this is only the beginning of Bitcoin’s rise in value. They think that the peak value will be reached in the final quarter of 2021. They use halving events as proof of this claim.
We’ve witnessed a total of 3 halving events so far. 2 of them led to price spikes exactly a year and a half after they ended. The last halving event took place in May 2020 and that is why experts think that we are yet to see what this cryptocurrency will bring to the market. As for the projections, many of them believe that Bitcoin has the potential to go as high as $100,000.
If that happens, it would be a historical achievement as it would mark the first time that Bitcoin managed to reach a six-figure value.
What About the Future?
As for the distant future, it is hard to determine what it holds for Bitcoin. Many believe that Bitcoin has the potential to become a legal payment method. Some analysts think that Bitcoin’s popularity will keep rising and a point where a majority of the world’s population uses it will be reached. Hence, governments will have no other option but to legalize it.
The other side doesn’t share that optimism. They believe that due to the fact that Bitcoin cannot be controlled from one centre and excludes banks from every transaction, authorities will always wage wars against it and make sure that it remains an outlaw currency. After all, Bitcoin is a user-orientated cryptocurrency that takes the authority from governments and banks and gives it to the people. That is why our leaders are not fond of it.