To Late For Bitcoin? Bitcoin price prediction 2021 – 2025 (LAST CHANCE)
Bitcoin may rise in price 5 times by 2023
Bitcoin may grow 5 times in the next 3 years
Investments in cryptocurrencies are constantly increasing
Bitcoin may become popular in Russia
By 2023, bitcoin could grow fivefold in value, when the digital currency is finally adopted by large investors, and investments in the market will amount to trillions of dollars..
Bitcoin can be worth $ 40,000 – 50,000
British fund group, which manages tens of billions of pounds sterling, is considering adding bitcoin to one of its famous funds.
A study by an investment firm found that, at best, bitcoin could trade between $ 40,000 and $ 50,000 (£ 30,390 to £ 37,990) over the next two years. This forecast will be realistic if large investment companies begin to massively invest in bitcoin..
“If other institutional fund managers did the same, the fund could invest up to 30% of its gold investment in bitcoin within 18 months to profit from the price surge,” the company said in a statement..
The company manager said that now is a good time for bitcoin, as the coin behaves just like gold. The precious metal is being used as a safe haven and store of value when central banks around the world print money freely.
Gold hit a record high this week, hitting $ 2,050 an ounce thanks to low interest rates and money-printing programs known as quantitative easing, and is expected to peak around $ 2,500..
Bitcoin at $ 50,000? Is quite real
The main cryptocurrency can indeed achieve such rates. As BeInCrypto previously reported, domestic analysts and crypto specialists consider such a price to be quite realistic..
Nikolay Klenov, financial analyst at Raison Asset Management investment company, in turn, believes that long-term investment is the most effective strategy for bitcoin.
“In the long term, however, quotes can reach $ 50 + thousand”, – with such a forecast the expert completed his answer.
Several factors will also contribute to the growth of the coin’s value in Russia: the adoption of the law “On digital financial assets”, the possible issue of stablecoins backed by the ruble, and others..
The issue of stablecoins by Russian commodity companies, which, according to the Chairman of the State Duma Committee on the Financial Market Anatoly Aksakov, may appear as early as 2021, according to the expert, will also have a positive effect on the situation in the cryogenic industry. With the launch of such projects, according to CEО Listing.Help, a very large capital will come to the market.
The changes, in his opinion, will increase the level of confidence in the cryptocurrency industry.
Learn more about the regulation of the crypto industry in Russia from our material.
“As a result, the rapid growth of bitcoin, which began on July 21 from the $ 9200 mark, may continue.
Now bitcoin is trading in the region of $ 11 thousand, but globally, nothing has changed for continued growth: there are volumes on the market, plus it is constantly fueled by positive news and the growth of other cryptocurrencies.
As a result, the previous resistance level for bitcoin in the region of $ 14 thousand can be tested already in the second half of this year, “the expert concluded..
Read more about the prospects of bitcoin in Russia here.
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