Bitcoin has skyrocketed so far this year, climbing to a price of around $ 60,000 and helping the larger cryptocurrency market reached $ 2 trillion .
The price of bitcoin has climbed around 400% since its last bull run started as expected Institutional adoption has started to materialize and billionaire Tesla Elon Musk a whipped the crypto market into a frenzy .
Now with many bitcoin and crypto analysts trying to call where will be the top of the market , a Bloomberg analyst predicted that the price of bitcoin could reach $ 400,000 this year - class even though Musk seems more interested in "joke "dogecoin rival Bitcoin .
The bitcoin price has skyrocketedDitch over the past six months, climbing about 400% and exceeding its ... Previous 2017 peak of around $ 20,000 per bitcoin.
"The technical outlook for Bitcoin in 2021 remains strongly on the rise, if Past patterns repeat themselves, "Mike McGlone, senior commodities strategist at Bloomberg Intelligence, wrote in his April Market Report, saying bitcoin is " on similar ground to gain around 55x in 2013 and 15x in 2017. "
" To achieve extreme prices similar to those of those years in 2021, crypto would approach $ 400,000, based on the regression since the peak of 2011. In Septe mber, the volatileThe 180-day crypto equity matched the all-time low of October 2015. From that month's average price, bitcoin rose just over 50x to peak in 2017.
The price of bitcoin has already doubled in the first three months of 2021, from just under $ 30,000. Bitcoin's meteoric rally has made it possible to do so assets of 1 trillion dollars and catapulted it into mainstream adoption .
According to McGlone, 2021 could 'rhyme' with 2017 and 2013 as they all follow years in which the Bitcoin's supply was cut by a so-called halving, when the reward received by those who secure the Bitcoin network was Bloomberg
"The yearborn after a reduction in supply (halving) is what 2021 has in common with 2017 and 2013, with moderate volatility. Initial support is around the 2021 average price of $ 44,000 as of March 25. "
= data -picture s "https://www.hebergementwebs.com/image/38/38614e6b9f33503561ce9712550ddfce.webp/prediction-du-prix-du-bitcoin-pourquoi-le-bitcoin-pourrait-grimper-a-400000--en-2021prediction-du -prix-of-bitcoin-why-bitcoin-could-climb-to-400000-in-2021-4.webp "type = "image/webp"media = " (min-width: 800px) "> The 2021 bitcoin price could "rhyme " with 2013 and 2017, according to the Bloomberg analysis, ... potentially putting the price of bitcoin at $ 400,000 per bitcoin before the end of 2021.
Meanwhile, the recent $ 1.5 billion purchase of Bitcoin by Tesla could be a “tipping point” for bitcoin, triggering a shift to “risk-off”. "
" The increase in equity wealth
This is substantiated by a survey this week that found institutional investors and the wealthy alike expect to see an increase in companies adding bitcoin to their cash reserves.
Over the next two years, 81 % of investors and managers surveyed expect to see an increase in companies using bitcoin for their cash reservessorerie, according to the survey commissioned by Nickel Digital Asset Management.
"A growing number of companies, including automaker Tesla, business intelligence firm MicroStrategy and mobile payments processor Square, have recently made sizeable multibillion-dollar allocations to Bitcoin in the part of their cash reserve strategies, "said Anatoly Crachilov, managing director of Nickel Digital Asset Management, in a statement, alongside the research.
" This, coupled with the announced structural allocations to assets cryptographic by the world's leading asset managers including Paul Tudor Jones, Bill Miller, Ruffer, and Guggenheim Partners is huge support for Bitcoin's emerging store of value features. "