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Will Bitcoin Continue to Rise?

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London, UK, Dec. The skeptics had been proven wrong.

Bitcoin Price Prediction | Will Bitcoin Rise Once Again?

Finixio has been keeping a close eye on this story for years. The media company publishes a wide variety of content and has done for several years.

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As a result their expertise in the area is second to none, and they are making their forecast on its future This made professionals and amateurs alike stand at attention and start to take cryptocurrencies seriously. Bitcoin was still an extremely volatile asset and the currency crashed spectacularly shortly after.

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There was no shortage of financial skepticism regarding its future. But Bitcoin had been worth only hundreds in and mere cents in Despite its colossal fall, it had stabilized at a price that would still make early adopters unbelievable profits.

Renewed interest was sparking, and financial experts had started making amazing predictions from late spring.

  1. November 27, Bitcoin is a decentralized financial technology that could replace fiat currencies across the globe.
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  3. Bitcoin Price Predictions - Future Bitcoin Value for , ,
  4. Will the Bitcoin Price Rally Last This Time?

By the summer it was becoming clear that crypto and digital currency would have a huge role to play in the new global economy. However, this time around people are not expecting a crash.

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In fact, both enthusiastic and cautious investors are predicting significant gains for Bitcoin in the next two years. A Volatile Asset Estimates vary wildly as to where the price of Bitcoin will land.

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  • Bitcoin (BTC) Price Prediction , , | PrimeXBT
  • That is around five times its current value.
  • Some Investors Predict Bitcoin to Hit $, in a Year

This is to say that Bitcoin keeps breaking its previous records and stabilizing at higher prices after its drops. Where is the Trust Coming From? At the time though, Bitcoin was not a reputable investment.

The quicksilver nature of cryptocurrency markets makes it difficult to answer that question with clarity. Bitcoin's rally transmuted into a prolonged slump less than a year later. While analysts and commentators have stepped up with optimistic predictions, it is far from certain whether Bitcoin price will continue to increase. Some commentators also say that the pandemic might have proved to be a turning point for Bitcoin's acceptance as a "quasi-digital gold" for investors. A Trillion Dollar Target?

It was not backed by any assets or by a government and lack of mainstream support was adding to its risk. Inthe rise of Bitcoin is driven by institutional investment.

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Recently, Square and Paypal have added crypto currency to their offering. Mainstream financial media is paying attention and reporting on crypto on the daily. The involvement of such predicted bitcoin players in the Crypto world gives it the legitimacy it needs.

Will Bitcoin Continue to Rise? Crypto Experts Finixio Make Their Predictions

We are likely seeing the beginning of the entry of digital currency in the mainstream and in the following years, this market will harden into its proper mold. Why are institutional investors starting to pay so much attention to Bitcoin?

The answer lies in our Covid stricken world. Countries have had to increase debt in order to support the financial burden of closed economies and reduced output. This resulted in inflation which led investors to seek to hedge against it as the purchasing power of the dollar and other fiat currencies started rapidly decreasing.

Will Bitcoin Continue to Rise? Crypto Experts Finixio Make Their Predictions

The Supply Problem Another important factor that is likely to continue driving up the price of Bitcoin predicted bitcoin its supply problem. There is only a limited amount of Bitcoin available. Although Bitcoin can be mined, there are very few who are actually doing that and all other investors depend on the supply.

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Glassnode reports that miner wallets such as Lubian. Other Cryptocurrencies Bitcoin is not the only cryptocurrency in town and its supply problems are likely to predicted bitcoin other competing currencies up as well. Grunwerg tells us.

A visual representation of the cryptocurrency bitcoin. S3studio Getty Images This year has been a wild ride for anyone invested in, or even just watching, the bitcoin market. When the U. For those like me on the sidelines, it's an entertaining market show, with tinges of jealousy and dizziness. From my perch as editor of FINa fintech newsletter, here are what I see as the crucial bitcoin trends in 1.

Its creators have also announced exciting updates that are said to fix ether scalability issues, thus making the currency even more competitive. Other than Ethereum, both Cardano and Orchid benefited from the Bitcoin rise last week. The Future As predicted, it seems we are entering the era of cryptocurrency and digital coins. Finixio is here to take you along for the ride and tell you everything you need to know about trends and their impact. Media Details —.

Bitcoin Newsletter Bitcoin Price Predictions Update Sign up to receive Bitcoin Daily — We find the top 3 crypto stories and deliver them to your inbox each morning. Bitcoin was created in early