The price of the cryptocurrency Bitcoin is getting crazy. Bitcoin is now at the level of US $ 40,000. This figure shows the price of Bitcoin has doubled since 2017.
This figure is the price of Bitcoin on the overnight market (7/1), which is the latest update. Previously, Bitcoin price was still at the level of US $ 34,249 on Wednesday (6/1) based on Benzinga data.
“The market is doing well and the cycle is going up well. That means the market will probably continue going very fast in the coming years. It is likely that the market will also be accompanied by a standard 20-30% correction. So be prepared, it will happen and it is opportunities, “explained Cointelegraph Market Analyst Michaël van de Poppe as quoted by the Asia Times, Friday (8/1/2021).
Bitcoin will reach $220,000
Leading analyst PlanB predicts the price of bitcoin will be between US $ 100,000-288,000 by the end of 2021. The analysis states, in 3-8 months that figure is likely to be reached by Bitcoin.
Bitcoin observer Max Keizer also predicts in the same number range. Kreiser which is also a television presenter RT’s Keizer Report has begged viewers to buy bitcoin since the price is still at $ 1. However, he predicted Bitcoin price will reach $ 220,000 by the end of 2021.
CEO CF Benchmarks Sui Chung said the price surge This Bitcoin needs to be paid attention to both individuals and companies. He said, it is time for the public to realize the importance of investing or starting to transact with cryptocurrencies.
“This could be a broadband moment for cryptocurrency (bitcoin), where every company and individual needs to think seriously about how they engage and interact with cryptocurrency,” Chung said.
Read now: Bitcoin Price Continues to Fly, Here are The Facts!
