For the first time ever, Bitcoin reached a new All-time-high (ATH) of $40k per coin. Those who held Bitcoin since 2017 (or before) would've made a lot of money by now. Unfortunately, prices have stalled as Bitcoin is stuck between the $30k - $32k range. It could be the cause of whales buying the dip to pump the price at a later time. Whatever the reason for the price drop, Bitcoin is still much more valuable than what it was a couple of years ago. If the pandemic continues to take the world by storm, we may continue to witness new ATHs in price.
All of this makes me wonder, will Bitcoin will reach $50k by 2021? If it does, 2021 will prove to be Bitcoin's biggest year with astronomical returns for early investors. Right now could be the perfect buying opportunity while Bitcoin is still in the $30k range. What are your thoughts?
We can never be certain about bitcoin's potential's price in the near future. In terms of bitcoin's value reaching $50k in the future, we need to first consider the possible hindrance that may take place before bitcoin can ever make it to $50k. 2021 might be a good opportunity to start a new journey but we can never turn back from the things that has already taken place before. All we can do right now is give them advice on how they can make it to the quota at the end of the day. Nevertheless, if ever bitcoin reachers or not $50k, we should never stop believing on it already.All of this makes me wonder, will Bitcoin will reach $50k by 2021? If it does, 2021 will prove to be Bitcoin's biggest year with astronomical returns for early investors. Right now could be the perfect buying opportunity while Bitcoin is still in the $30k range. What are your thoughts?