Home » Technology » Bitcoin has jumped over $ 30,000, and experts are already talking about the target of $ 400,000

Bitcoin has jumped over $ 30,000, and experts are already talking about the target of $ 400,000

Short bitcoinu on Saturday around 13.30 CET performed for the first time in the history of over 30,000 USD. It was not until December 16 that it reached over 20,000 for the first time in history USD. The most popular on Sunday kryptoměna record shifted to 34,608.56, according to coinmarketcap.com USD. In addition, experts are convinced that even this is not final.

Last year bitcoin strengthened by about 300% and in December alone recorded about 50% appreciation. However, investors who think they have missed a train may be wrong. For example, Nexo’s co-founder of cryptocurrency fintech Antoni Trenchev believes that during the first quarter of this year, bitcoin aim for 50,000 USD.

Experts note the current growth bitcoinu it is largely driven by the interest of institutional players. This is a difference compared to 2017, when kryptoměna got to the then historical record near 20,000 USD mainly due to the interest of small investors and users.

According to investment director Off the Chain Capital hedge fund Brian Estese, during year 2021 could course bitcoinu get in the range of 100,000 to 288,000 USD. With this prediction, Estes refers to a model measuring scarcity commodities and reporting with an exchange rate bitcoinu almost 95% correlation rate.

Analyst Tom Fitzpatrick of Citibank believes it would bitcoin he could finish year 2021 climb to 318,000 USD. It’s more conservative view analysts from BTIG, but they also believe in further strengthening bitcoinu, their goal for year 2021 is 50,000 USD.

Bitcoin, formerly speculation by people from IT and technology enthusiasts, with the growing interest of portfolio managers and experienced investors, it is becoming a serious investment, “he said last month. commodity analytik Mike McGlone z Bloomberg Intelligence.

Scott Minerd of Guggenheim Investments in mid-December in an interview with Bloomberg television said he would bitcoin he could eventually get up to 400,000 USD.

Bitcoin - stock to flow model
Bitcoin – prediction of exchange rate development according to the model stock to flow

But investors would in the case kryptoměn they should remain cautious. It is still true that it would cryptocurrency they should perceive the market more as speculation. AND cryptocurrency bull Mike Novogratz from fintech companies Galaxy Digital advises investors to do bitcoinu they gave only a small part of their portfolio. In the case of so – called altcoins (other kryptoměn) then urges even greater caution. “You can easily lose 60% in a day, so it’s important to say that if you enter this segment, you should bet a little and most importantly know well what you’re doing,” he says of the altcoins.

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