Bitcoin new records and prospects

bitcoin prospects for growth

Publication date: 22 Feb 2021

February 21, 2021: bitcoin breaks its record ever registered and reaches $ 58,000 per unit, which is a 2% growth. Within a week, crypto has skyrocketed by 18%. The previous record was set on February 16, 2021 when the rate was $ 50,000. Bloomberg states that the first cryptocurrency has raised its aggregate value by $ 415 bn. since New Year (within six weeks). The total value is $956 bn. now. So, Bloomberg Galaxy Crypto shows that bitcoin (and four other currencies) rates have doubled.

What is the timescale for bitcoin future growth? Prospects and forecasts.

Analysts blame speculators for this substantial volatility of the bitcoin growth as well as corporate finance operators and institutional investors. While those who advocate the crypto are pushing towards further boosting. Shane Oliver, the head of investment strategy of AMP Capital Investors Ltd., stipulates that investors are demonstrating share FOMO syndrome, which is also known as the-lost-profit syndrome, typically seen as a fear to lose a good opportunity or miss an interesting event. Therefore, in the present, the brilliant time for money making, this is the tendency which steers pursuits and intentions.

Elon Musk has heated up public interest in the first crypto. This month, Tesla Inc. has announced an investment equal to $1.5 bn. MicroStrategy Inc. responded immediately stretching up the limits of convertible bonds distribution to $900 million in order to buy more tokens. Then, in his Twitter-account, Musk wrote that such form of liquid property as BTC was far less stupid than cash. As for the decision of the electric car manufacturer to invest in crypto, it is not a personal attitude towards digital assets. The latest global survey on fund markets, which was conducted by Bank of America, indicates that the long-term transactions sector is the largest due to a number of active traders. Despite that, Shane Oliver from AMP assures that bitcoin market status depends on numerous outer factors, for instance state regulation, or permanent investors` attention to innovations. If such a novelty appears one day, the bitcoin rates will drop abruptly.

  • Don`t miss it! On March 25, in Kyiv, the Blockchain &amp Bitcoin Conference Kyiv 2021 takes place. The visitors will relish highly informative speeches and productive networking they will be invited to inspect a demo zone with top quality products.
Did you like the article?

Share it with your friends via favorite social media

Read more

July is upon us and there are a lot of colorful sporting events: EURO 2024 […]

May 2024 is over, but gambling remains! A lot of interesting things happened during the […]

There is always something new happening in the world of affiliate marketing: new tools and […]

3SNET together with analyst and expert Alex Miller finds out what trackers are and how […]

June 2024 is a busy month with lots of sporting events! EURO 2024, ICC Men’s […]

Summer is just around the corner and the 3SNET CPA Network has already gathered the […]

It’s been an exciting April 2024 in the gambling market!  The most important betting and […]

Get ready for May 2024 with 3S.INFO! We have compiled a selection of the most […]

In May 2024, viewers will be treated to many important cricket, football, hockey, esports and […]

Poker is the most popular card game in the world. The secret of its popularity […]