Bitcoin hits new all-time high 50k. Whats next? 100k?

Bitcoin hits new all-time high 50k. Whats next? 100k?

Bitcoin is climbing on the adoption curve. Deep pockets investors are buying at the same time as the supply is getting more scarce. You don’t need complicated models to see the writing on the wall. You don’t need to be a genius to realize all of this will push the price high enough for bitcoin to start seriously competing with gold in terms of market size.

When that happens, everyone will want a piece of the pie, including large mutual funds and asset managers. And from there, things will snowball into something much bigger than what we can imagine now. 

How long will that take? Ten years? Less? More? Who knows. That’s not in your control.

What is in your control is how you will act now. 

Whether you use your favorite stock-to-flow model, apply the previous cycles’ growth or do some napkin math, it seems likely that bitcoin will rise above $100,000 in 2021. If you have been stacking sats up to now, then good for you. Continue like that.

2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021.

Bitcoin $50K? Crypto bulls say the sky’s the limit..

Bitcoin $50K? Crypto bulls say the sky’s the limit..

Digital Currency Bitcoin is experiencing a dramatic rise in value in recent days, after a month of growth to unprecedented value.
At the start of December 2020, Bitcoin had a value of just under $25,000 and today, just over a month later, the value of Bitcoin has risen to $50,000. 
This is a staggering amount, considering the value one year ago was around $12,000 and two years ago was short of $6000.
 
Seen by many as similar to Gold in that it has a limited supply, the entirely digital cryptocurrency has many mainstream investors perplexed, while the tech and cryptocurrency community continue to push its value as an investment.
The currency is limited to 21 million "bitcoins" and while almost 90 per cent of those "coins" have already been "mined", the limit will be reached in the years ahead which makes many investors aggressive about the potential value of Bitcoin.
 
What are cryptocurrencies and why are they important to traders?

What are cryptocurrencies and why are they important to traders?

A cryptocurrency is a digital asset conceived for use as a medium of exchange, which uses blockchain technology cryptography to secure transactions, control the supply of additional units and corroborate transfers. In short, cryptocurrency is a decentralised digital currency.

Tesla Buys $1.5B of Bitcoin, Will Soon Accept BTC as Payment

Tesla Buys $1.5B of Bitcoin, Will Soon Accept BTC as Payment

Bitcoin's price rose and Tesla shares advanced Monday after the electric-vehicle company said in a Securities and Exchange Commission filing that it had purchased $1.5 billion of the digital asset.

Tesla says it expects to begin accepting bitcoin as a form of payment for its products in the 'near future.'
 

Bitcoin (BTC) Price Prediction – February 10, 2021
Bitcoin bulls have finally broken the $40,500 resistance. This was made possible by jumping above the resistance at $38,000 and $40,000. Today, BTC/USD has retraced to $45,000 after hitting the high of $48,000.

Resistance Levels: $48,000, $49,000, $50,000
Support Levels: $35,000, $34,000, $33,000

Remember, all trading carries risk. Past performance is no guarantee of future results.

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