The Bitcoin-News.one annual outlook: Will the Bitcoin rally continue or will the correction follow in 2021?
- Novogratz is convinced: the US $ 60.000 mark will be broken
- Zero interest rate policy and doubts about fiat money will make Bitcoin stronger
Mike Novogratz, a former hedge fund manager, is convinced that Bitcoin's soaring will continue into 2021. Novogratz is not alone with this attitude; There are more and more financial experts who believe that Bitcoin will make further all-time highs in 2021. But how high could Bitcoin actually go?
$ 60.000 by the end of 2021?
The Bitcoin forecast for 2021: Towards the end of 2021, it is very possible that Bitcoin will be around 60.000 US dollars - there are some aspects that speak for further highs. The imminent flood of money, which the international central banks are trying to dampen the economic consequences of the corona pandemic, can reinforce doubts about fiat money, so that more and more people are investing in Bitcoin.
And more and more private investors as well as large investors will probably put their money into the crypto market, because the low interest rate policy of the central banks will probably not end in the foreseeable future. If you have already invested via eToro, you know that corrections are always possible - ultimately, 2020 has shown that things can always go down. While Bitcoin was still over US $ 10.000 in February of last year, it crashed to the US $ 4.000 level in March.
2021 will remain exciting, but it will be clearly dominated by the bulls. New all-time highs are already possible in the first few weeks of the new year.