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- Bitcoin has a current market capitalization of $597.21 billion dollars
- Bitcoin is now the king of crypto market and is known as “digital gold”
In today’s world cryptocurrency is showing a real positive growth with new creative features and integrations. Starting from Bitcoin to XRP, every currency is getting the much needed attention from investors and people. Bitcoin and its potential is reaching great heights and is expected to grow and cross six figures at the end of 2021.
Bitcoin’s $100k can come in Q3 of 2021
There are many prevailing reports which have a constant belief that Bitcoin can cross six figure mark at the end of third quarter of 2021. The predictions by mathematical models like stock to flow models have been proven correct from previous years. Based on such models Bitcoin can create a new milestone in upcoming quarters.
Many leading companies have also predicted to reach a figure of $150k in 2021. The trend of Bitcoin has been like a leap year style. Once Bitcoin reaches the optimum mark, then It resets itself to start its journey in 2025. Several other parabolic methods have also suggested that Bitcoin will have a bright future ahead especially in upcoming years. BTC and its flexibility can make a quick recovery if something downfall happens in future.
Can Bitcoin be going to witness a downfall?
As reports suggested due to several flashed warning signs Bitcoin can go down which should not be neglected. Miners willingness to go to Washington has also given a red signal towards cryptocurrency. As their Local PUD is not entertaining any Bitcoin miners to start their process, It can suffer some amount of losses.
Then comes the role of the over-saturation market of Bitcoin. This started resulting in migration of potential investors towards other cryptocurrencies like Ethereum and Litecoin. There is an overall change in scenarios of sentiments and strategies of people around the world. Many Reports like fear and greed index have also explained the possible downfall of Bitcoin.
Though there can be reports who say that Bitcoin can suffer a downfall. But its character can survive harsh situations and can be able to cross six figure mark to reach $100k by end of year 2021. This can be another milestone which can change the scenario of cryptocurrency.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
