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Bitcoin Experts
By Bitcoin Experts
Will Bitcoin’s price rise another 4.6 times to $146,000?
The prediction follows similarly bullish forecasts by market analysts, with a leaked report from Citibank in
November projecting bitcoin could reach as high as $300,000 in 2021.
The report, titled ‘Bitcoin: 21st Century Gold’, warned that a bull run of this scale would likely end in a major price crash, similar to the dips that followed the two major rallies in 2013 and 2017.
The report, titled ‘Bitcoin: 21st Century Gold’, warned that a bull run of this scale would likely end in a major price crash, similar to the dips that followed the two major rallies in 2013 and 2017.
Bitcoin’s nine-month market surge may be just the start of a far greater price rally, according to investment
banking giant JPMorgan Chase & Co.
The cryptocurrency is currently trading at around $31,000, having hit a new all-time high on Sunday of $34,000. This is up by more than 500 per cent since March, when it was trading below $5,000, but JPMorgan strategists predict it could rise a further 4.6 times to $146,000.
The cryptocurrency is currently trading at around $31,000, having hit a new all-time high on Sunday of $34,000. This is up by more than 500 per cent since March, when it was trading below $5,000, but JPMorgan strategists predict it could rise a further 4.6 times to $146,000.
The market run has been boosted by a huge influx of institutional investment into cryptocurrencies in 2020amid
the global economic instability created by the coronavirus pandemic.
Other major cryptocurrencies have mirrored bitcoin’s recent fortunes, with ethereum (ether), litecoin and bitcoin cash all rising by between 20 and 45 per cent over the last seven days.
The combined market cap of all cryptocurrencies is now above $855 billion, according to CoinMarketCap, with bitcoin alone worth close to $600bn.
Other major cryptocurrencies have mirrored bitcoin’s recent fortunes, with ethereum (ether), litecoin and bitcoin cash all rising by between 20 and 45 per cent over the last seven days.
The combined market cap of all cryptocurrencies is now above $855 billion, according to CoinMarketCap, with bitcoin alone worth close to $600bn.
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MARKETING66 LTD
13060656
20-22 Wenlock Road
London
N1 7GU
+972 58-385-8583
[email protected]
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory or other services by XOSignals. In addition, the content of the website offers no opinion with respect to the suitability of any security or any specific investment. Trading foreign exchange (“Forex”) and commodities is potentially high risk and may not be suitable for all investors. The high level of leverage can work both for and against traders. Before any investment in Forex you need to carefully consider your targets, previous experience, and risk level. Forex trading can result in the loss of your money, as a result, you are expressly cautioned that you should never invest or trade with money that you cannot afford to lose. For the avoidance of doubt, XOSignals’ service provides signals regarding trading opportunities in the Forex market. XOSignals, its subsidiaries, agents or affiliates will assume no responsibility whatsoever for your trading activity.
