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?
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?
yes, you better buy Bitcoin right now, because I'm sure the price of Bitcoin will reach $50k this year, but if the price of Bitcoin doesn't reach $50k and you've bought Bitcoin, then you just need to be patient and hold your Bitcoin, because I believe the price of Bitcoin will definitely increase and give you a big profit, even I am sure if in the future the price of Bitcoin can reach $80k or more than that, because Bitcoin has become a popular investment and is in demand by many people to be a long-term investment, therefore I believe the price of Bitcoin will continue to increase very high.
It depends on someone's priority right now, whether he can invest in btc for long term or short term.