What is the future of Bitcoin (Bitcoin, future)
What is the future of Bitcoin? According to btcmanager, Bitcoin\’s future has bee
What is the future of Bitcoin? According to btcmanager, Bitcoin’s future has been unpredictable in the past year. As the time approaches the halving event in December 2017, the price has been fluctuating. However, an interesting news appeared last year: Citigroup, one of the largest banks in the United States, announced that it will invest $100 billion in cryptocurrency by 2020. Just a few months later, global financial markets experienced turmoil due to quantitative easing policies by the Federal Reserve and the spread of the coronavirus, causing the price of Bitcoin to skyrocket to an all-time high.
Bitcoin, future
According to bitcoinist, the price of Bitcoin has been in a downward channel since early 2018. Based on data from CoinMarketCap (as shown in the chart), BTC has been hovering around $10,000 for about a week. Although this does not mean that Bitcoin will soon reach the $100,000 mark, it still shows strong momentum. In the long run, if this trend continues, cryptocurrencies will be considered safe havens and a means of storing value. Furthermore, despite this, Bitcoin still seems to have the potential for greater appreciation and may continue to grow.
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