• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino
Breaking News: BREAKING: Terra Founder Do Kwon's Extradition To The US Approved
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Terra Founder Do Kwon's Extradition To The US Approved
bitcoin bull market correction

The Bitcoin Bull Run Could Continue Well Into 2021

Bitcoinist by Bitcoinist
3 years ago
in Press releases
0

2020 has been a roller coaster ride for Bitcoin – Bitcoin once plummeted to $4K in March but gradually reached $19K, topping its highest intraday record set in December 2017. As 2021 draws closer, analysts have put forward many price predictions for the biggest cryptocurrency. Before you enter the market, let’s take a look at the major factors for its boom.


Institutional interest has been the primary price driver for Bitcoin in 2020. To name a few, Visa, Square, and Paypal will gradually support Bitcoin payment, while such Wall Street firms as Greyscale and  Boston Private Wealth have added Bitcoin into their portfolios. Across the ocean, Banca Generali, one of the most prominent private banks in Italy, announced that it will provide Bitcoin custody to its customers. Wall Street firms, industry big names and even several government bodies are showing interest and confidence in the cryptocurrency.

When commenting on Banca Generali’s new move to embrace Bitcoin, CEO Gian Maria Mossa explains that “The growth of bitcoin has drawn more attention to this asset class, particularly among younger customers. Blockchain technology and digital currencies are gaining a place in global payment systems and, as an innovative bank keen to develop digital services, we want to be able to offer broader services to our clients and to be competitive in this new environment.”

Bitcoin is one of the best-performing assets amid the COVID-19 pandemic, owing to its scarcity. The total maximum supply of Bitcoin is 21 million, and the halving takes place every four years, so no Bitcoin will enter circulation by 2140. With whales accelerating their pace to buy more Bitcoin,  Chainalysis estimates that there are only 3.4 million currently liquid Bitcoin for investors. Data from Glassnode shows that the number of Bitcoin wallets with a whole coin or more is at a new all-time high. Buy-in pressure is mounting and it will be more difficult for latecomers to have a share of Bitcoin. 

Bitcoin could be one of the few things to benefit from the pandemic. To boost the economy, stimulus packages and bolder economic policies will add fuel to inflation. While traditional investors turn to gold to hedge against inflation, millennials favor Bitcoin and altcoins.  The fall in liquidity, coming inflation and global uncertainties are some of the factors that could boost Bitcoin higher in 2021. 

Where will Bitcoin be in 2021?

Some wild guesses are that Bitcoin could break $100,000 or $318,000 by the end of 2021. 

It’s quite rare to see a majority of analysts sharing bullish sentiments and making wild predictions that seem too good to be true. The $100,000 target is proposed by the PlanB, the creator of Stock-to-Flow. PlanB’s prediction is based on the decreasing supply and growing demand for Bitcoin. In view of its performance after the previous halvings, Bitcoin has the potential to reach from $100,000 to $288,000 by December 2021.

The $318,000 mark is called by Citibank analyst Tom Fitzpatrick. The senior also based his theory on the past performance of Bitcoin, saying that Bitcoin could repeat its price action from 2010 to 2011, thus taking Bitcoin to $318,000.

Only time will tell us whether Bitcoin will make history again. Nevertheless, it’s always better to prepare and buckle up your seatbelt for a crazy ride. 

Bexplus – go-to exchange for beginners and veterans

Bexplus is a leading crypto derivatives platform offering 100x leverage in BTC, ETH, EOS, LTC, and XRP futures contracts. No KYC, no deposit fee, traders can receive the most attentive services, including 24/7 customer support.

Highlighted Features of Bexplus Exchange

No KYC: Traders can easily register an account with email without the risks of leaking out personal information.

Trading simulator: When you successfully sign up, you can get the 10 free BTC in the trading simulator which enables you to practice trading futures contracts without losing money.

BTC wallet with up to 30% annualized interest: Even if you take a break from trading, you could still earn passive income with the Bexplus wallet. The interest is calculated daily and the revenue of the deposit will be settled monthly.

High liquidity: By utilizing an end-to-end optimized stack running on customer dedicated nodes, orders can be executed with low latency even during the huge market volatility.

Mobile support: Bexplus App is available on Google Play and App Store. The 24/7 notification helps you keep updated with the market. 

100% deposit bonus: All users in Bexplus are eligible to apply for up to 10 BTC deposit bonuses at a one-time deposit. For example, if you deposit 1 BTC in your account, you will get 2 BTC credited in your account.


Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

 

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

7 DeFi tokens to make you rich in 2024

7 DeFi tokens to make you rich in 2024

11 hours ago
Retik Finance (RETIK) will Replace Polygon (MATIC) in 2024

Retik Finance (RETIK) will Replace Polygon (MATIC) in 2024

11 hours ago
This New Casino Token Offers Daily Passive Rewards Up to 10,000 USDT

This New Casino Token Offers Daily Passive Rewards Up to 10,000 USDT

11 hours ago
Investors Pile Onto eTukTuk (TUK) Presale, Under A Week Left For Current Stage

Investors Pile Onto eTukTuk (TUK) Presale, Under A Week Left For Current Stage

12 hours ago
3 Days Left to Join the Chimpzee Presale: Last Chance to Buy the Hot New Green Meme Coin Before Launch

3 Days Left to Join the Chimpzee Presale: Last Chance to Buy the Hot New Green Meme Coin Before Launch

12 hours ago
Is Turning $100 into $10,000 Possible with Investments in Dogecoin, Monero, or BorroeFinance?

Is Turning $100 into $10,000 Possible with Investments in Dogecoin, Monero, or BorroeFinance?

14 hours ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
Inmerion
Inmerion

Press Releases

  • 7 DeFi tokens to make you rich in 2024

    11 hours ago
  • Retik Finance (RETIK) will Replace Polygon (MATIC) in 2024

    11 hours ago
  • This New Casino Token Offers Daily Passive Rewards Up to...

    11 hours ago
  • Investors Pile Onto eTukTuk (TUK) Presale, Under A Week...

    12 hours ago
  • 3 Days Left to Join the Chimpzee Presale: Last Chance to...

    12 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.