Bitcoin market price on a roller coaster, what are the future prospects?



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The market price of bitcoins shows a premarital trend. The day before, it fell sharply and on this day it rebounded again. However, opinions on future prospects are also divided among experts.


According to Bithumb, a cryptocurrency exchange on the 28th, the price for 1BTC bitcoin (in bitcoin units) at 3:40 pm was trading at 18,963,000 won. That’s 1.16% more than the previous day.

The previous day, the price of Bitcoin was lowered to 18.6 million won. Then, on the same day, it returned to the upside and returned to 19 million won during the market.

Opinions are divided on future prospects.

The reason for the positive outlook is the indication of the institutionalization of virtual assets. It is also good news that every country has launched a quantitative easing policy with Corona 19. Inflation and the decline in the value of the currency are expected to occur later and maintain the upward trend.

As a result, some experts have analyzed that the price of bitcoin at the end of next year could rise from $ 25,000 (about 27.8 million won) to $ 300,000 (about 333.354 million won).

The downside is news of a US government regulatory review. Coinbase Chief Executive Brian Armstrong (CEO) tweeted that there are rumors that the United States is reviewing new regulations that undermine the anonymity of cryptocurrency transactions.

In Korea, with the Special Financial Information Act expected to be implemented in March next year, there is also the prospect that the market will begin to cover itself with cryptocurrency exchanges, which will affect the decline of the bitcoin market.

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