The Bitcoin price has further crossed the $ 54,000 mark (USD).
With the recent $ 58,000 summit in BTC in February, the price has since crushed up to the bottom at $ 42,000, before correcting a period of two to three weeks now.
The Bitcoin price movement is still in a bullish cycle, many analysts predicting even that the price per piece will reach the $ 100,000 mark if not more by the end of this year.
I do not think that the price of Bitcoin has more to do with the 2017 accident. Because this time, with many institutions with Bitcoin and the Drill Drive even better, the BTC is definitely there to stay and go further from the price, over time.
Let’s start.
Bitcoin Price Movement since the beginning of 2021
Before continuing, let’s quickly take an eye to the action of Bitcoins prices since the beginning of 2021.
We have just passed in March now and the price per BTC is already back at $ 54,000.
The price by Bitcoin on January 1, 2021 was around 29,000 USD. Since then, the price has increased by around $ 30,000 or almost doubled in just 2 months.
BTC That Price since the start of the year below: (January 2021 – Up to date)
As you may have noticed, the BTC price movement was quite stable upwards than the decline. (Beautiful upward trend). And corrections are always a healthy sign on the market.
Even if the price is extremely volatile, you do not see the drops and accidents sudden.
In addition, this year, in February, Bitcoin officially crossed the market capitalization of 1 Billion when he reached 58K ATH.
The daily volume is also excellent at 52b changing the hands per day.
What will be the price of Bitcoin by the end of 2021?
In this section of the publication, I will honest honestly discover the truth in terms of the planned price of Bitcoin for the end of 2021.
Of course, I will try to use the most reliable and reliable sources for this prediction.
Credit: Planb (Twitter)
The Twitter Planb account has nearly 300,000 subscribers and is one of the most reliable analysts in the Bitcoin Price movement.
If you see the S2F (Flux Stock) model above described by him, BTC is on the right track to cross the USD 100,000 mark this year. If not more.
Here is a planb again with the Bitcoin Mobile average at 200 days and predicting that it should reach the $ 100,000 mark by the end of this year.
Probably even earlier than the end of the year in mid-October.
Credit: Danny Scott
Danny Scott is yet another famous Bitcoin price analyst. According to him, there are more than 822,314 addresses in the world which now hold more 1 bitcoin.
Look at this table with the increase in the number of addresses over time. Now is the number of people holding at least 1 BTC.
With the growing number of people holding at least 1 bitcoin and brooding it against inflation, the price will only increase. Less supply against more demand.
Invest in bitcoin or mining shares?
This is a fair demand – to invest in the BTC, the real medal or the mining actions that act as the proxy to hold a part.
Remember that by holding (or storing) BTC, you may always lose it against pirates.
Even with the increase in security measures, many have lost their parts. Bitcoin is a fairly hot market at the moment and the hackers who are trying everywhere to access your chests. In addition, you must make sure you remember the cryptographic key and secure it safely. It is not robust like the safe of a bank. So better you assure, than sorry!
With the entry of mining stocks, you no longer have to worry about holding the parts.
If you ask me, I will say invest in both. But you must first learn, because by storing the BTC in the secure straight way is extremely important or you could end up losing the inventory. There are a bunch of excellent YouTube videos on how to buy and store Bitcoin.
By far, Andrei nail. Watch this video is too good if you plan to buy Bitcoin for the very first time. (In fact, the video is to watch for everyone, if you want your bitcoin to be safe, healthy and earn money! I am kidding.)
https://www.youtube.com/watch?v=famdc64kdm
BTC Mining Stocks
Continuing, Bitcoin extraction actions act as an indirect indicator of the part itself.
Because all these mining companies make, it is operating and Hodl the parts, so that it appreciates in price (coins) and sell later.
The BTC mining shares are crazy at the moment with 500% + yields in the last 6 months, some have even returned a huge 2000% breathtaking over 3 months! This is the crazy part of it all!
So, if you really feel that investing in Bitcoin is a coverage against inflation, then go ahead like Tesla and Square, allocate one percent of your total investments (no more than 5%) to the BTC.
You have three options to choose:
-
Hold the real room in a digital safe
-
Hold the room and buy mining actions (Hut 8, Bitfarms or Hive Blockchain)
- Buy mining stocks and worry less to secure the medal. (That minors take care of securing the medal, right?)
In addition, another option to examine is Ethereum.
With Ethereum DEFI and the increase in transactions over time, Ethereum is already common with Bitcoin.
Ethereum is in fact the next one that Bitcoin in terms of market capitalization.
The news is that with EIP-1559, Ethereum is definitively switching to proof of stake (POS), of the work proof (POW), that is to say that you will no longer be able to exploit Ethereum in the future. (Sorry hive!)
In other words, choose Bitcoin or Ethereum, I am sure that the price will appreciate in the coming years, but do not invest more than 5%. If your portfolio is still extremely small, allocate even less to 1% to minimize the risk involved.
Remember that first -rate stocks are tested in time and the right way to build your wealth. Certainly not these cannabis or crypto stocks! Examples of first -rate stocks: Apple, Microsoft, Google, Amazon, TD Bank, CIBC, BMO, etc.
Final reflections
With growing awareness all around Bitcoin and its price, I think BTC is there to stay and go for the general public, over time.
With the value of the dollar decreasing every day, hiding against it in terms of gold or bitcoin is optimal to obtain your money against inflation.
Bitcoin is already common, many institutional players adopt it and hold it in their balance sheets now.
But, always be sure to minimize the risk in these investments and continue to hold blue chips with persistent leaves such as Apple and Microsoft in the longer term to make the maximum earnings of the good time tested.
Thank you for reading, let me know your thoughts and comments below.
