Since breaking the $20,000 barrier, just eleven days ago, Bitcoin has continued its astronomical rise to reach a new high above $28,000.
In my previous article about Bitcoin's price, Bitcoin Blasts Above $20,000 Achieving New All Time High, I wrote, "In my opinion, 20k in 2020 is the new 1k of 2016." What's followed has strengthened my view of that being the case. This is not to say that there won't be some dips along the way, but over the course of the next year, Bitcoin seems set for a 2017 style bull run. This time, however, at much higher prices.
Another difference, is that in 2021, much of the buying will likely come from corporations, investment funds, banks, high net worth individuals and possibly countries, rather than your average person on the street. With that much demand and so few Bitcoin available to purchase, an upwards surge seems inevitable.
My overall outlook... you know it... Bitcoin to the Moon!
Bitcoin to the Moon is dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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