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Download: The past few weeks have been fruitful for Bitcoin, which has risen in value by 40% since the beginning of October. As interest in the cryptocurrency grows and the US dollar weakens, Bitcoin has risen by 7% and was trading over $ 15,000 per coin. At its highest bid price in nearly three years, Bitcoin more than doubled in 2020.
Because matter: If Bitcoin continues to grow, the cryptocurrency will reach an all-time high, surpassing $ 20,000. At the same time, traditional financial institutions like PayPal and Square are embracing cryptocurrencies as viable payment and investment methods. Along with Bitcoin, gold will remain highly valued through 2020 and into the future.
In their words: “The rally in Bitcoin and gold went on all year along with the weakness of the dollar. It’s a long-term trend, “says Jeff Mortimer, director of investment strategy at BNY Mellon Wealth Management.” Not only will there be $ 15,000, but I keep my forecast since the beginning of the year. [Bitcoin] will see all new highs before 2021 “.
Surface says: Bitcoin is fueled by the volatility of the current political situation, but it is sure that investors (and probably your neighbor) are trading the dollar and buying Bitcoin.
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