Will Bitcoin grow in 2021, the predicted maximum rate
Every year, cryptocurrencies are becoming increasingly popular in the modern world. In 2021, Bitcoin remains the leader in popularity.
It is used both for various payments and as an investment asset, along with gold, real estate and securities.
Most investors are interested in the traditional question “Will Bitcoin grow in 2021?” Is it worth continuing to invest in this asset?
After all, after record growth, and over the last year this cryptocurrency has risen in price almost 5 times, a record fall may follow.
Only after this can we say with confidence whether the digital currency will grow or, on the contrary, fall.
The first and most important argument in favor of growth is that Bitcoin is the leader in use in payments for goods and services.
Quite reputable companies are already starting to use crypto wallets to make payments for current payments:
Almost every online store supports the ability to pay for goods in bitcoins; even banks and payment systems where you can open an account in bitcoins support this cryptocurrency.
The second argument is high capitalization, currently amounting to more than a trillion US dollars.
It is precisely this that does not allow easy manipulation of cryptocurrency, as this is now possible with altcoins. It just takes colossal infusions or sales to influence the existing rate.
That is, we can say that the price of Bitcoin is now formed solely under the influence of supply and demand. At the same time, demand still exceeds supply, since every day more and more new users of cryptocurrency wallets appear and more and more new companies use Bitcoin for their own purposes.
How much can the price of Bitcoin rise in 2021?
The question is quite interesting, because it is quite difficult to guess the maximum Bitcoin rate in 2021:
If previously everyone was talking about the figure of $100,000, now some analysts are already calling the figure of $400,000 as a very likely forecast for the price of Bitcoin.
But if we are realistic, we can assume a figure of 80-90 thousand at the end of 2021 and the beginning of 2022; growth is expected at the end of this year and the beginning of the next after summing up the financial results.
Danger of exchange rate collapse
With cryptocurrencies, there is always a danger of a depreciation, and Bitcoin is no exception. As soon as one of the world's largest powers completely bans Bitcoin and introduces criminal liability for its use, the price drop will be enormous.
But it’s not for nothing that cryptocurrencies are one of the riskiest assets for investment. You can insure yourself against large losses by trading Bitcoin through a trading platform by placing stop orders to force the closure of the transaction.
That is, if you bought a cryptocurrency and set a stop loss at a certain level, the transaction will close on its own when the price falls to this level.
Instructions for opening an account and starting Bitcoin trading through the trading platform - https://time-forex.com/azbuka/instr-fx For beginners, it is recommended to first undergo training on a demo account.