ZUG, Switzerland, Nov. 24, 2020 /PRNewswire/ — Today, lower interest rates and market volatility due to COVID-19 may be encouraging more investors to diversify assets and safeguard wealth beyond the usual asset classes comprising equities, fixed income, property, and cash, and into alternative investments. One alternative asset class that has shown exceptionally high potential returns relative to risk tolerance is cryptocurrencies.
The Future of bitcoin and Bitcoin Price Predictions
Some economic analysts predict a big change in crypto is forthcoming as institutional money enters the market. Moreover, there is the possibility that crypto will be floated on the Nasdaq, which would further add credibility to blockchain and its uses as an alternative to conventional currencies.
Bitcoin (BTC) price prediction is a precarious affair despite the host of analysts and investors hoping to make a profit. Bitcoin’s value is determined second-by-second, day-by-day by a market that never ends or gets closed. As a cryptocurrency’s value is determined by an open market, this presents massive challenges around volatility that most currencies do not face. While cryptocurrency price prediction is an ever-moving target, market literacy is essential for someone to get the most value out of their participation in the crypto economy.
The Future of Bitcoin
Bitcoin news are omnipresent. The revolution just started. Hence, it was for real revolutionary for the financial markets, Bitcoin and other cryptocurrencies became mainstream.
Ali Mizani thinks the trend is going to be upwards. Now that bitcoin is around 16000$, a lot of analysts think that the US election 2020 may have influenced the price, but he thinks that was a normal trend and with or without the effects of the US election on bitcoin price, no doubt, the trend had to be upwards.
He thought BTC will reach $18k to $20k by the end of 2020 and again he was right again. And good news, it is not going to be the end of the line. He thinks the BTC price can and will reach $200k to $300k by the end of December 2021 to March 2022.