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?
We can say Yes as long as the current flow of the price in the market won't change in a negative way especially this first quarter of this year. There can't be any other way if the price will remain this strong and it's all good news in the media today. Soon we will see the price will break the $40k mark and after that, it stops for a while before it continues to go up to $50k this year. Anything is possible now on the price of BTC since the misunderstanding about BTC has already been cleared, you can check that out because most of the big companies right now are getting their hands to get their share of the success of Bitcoin.