Type Here to Get Search Results !

Will bitcoin touch $100000 Mark by 2021

The past year has been one of its kind - a global pandemic, market uncertainty, countrywide lockdowns, travel restrictions etc. Yet, we witnessed one financial asset on the rise - Bitcoin. The new-age digital currency saw a price recovery from $8086.30 in March 2020 and is currently trading at around Rs $33692.93.

Earn Free Bitcoin

The rally in Bitcoin and other crypto doesn't seem to have run out despite the 600% surge in price. And with emerging startups such as CoinSwitch Kuber trying to make Bitcoin investing effortless, millions of retail investors have joined the Bitcoin Bandwagon.

In 2009, the first-ever digital currency, Bitcoin, was introduced as an alternative to the current financial system's loopholes. During the time, Bitcoin was valued at $0, and just a few crypto nerds would mine them as a collectible. After 2010 - The Bitcoin Pizza Transaction happened, people looked at it as a currency that could be used to purchase goods and services.


By 2013, Bitcoin gained more popularity and touched $1,000. After the second Bitcoin Halving event took place, the coin rose significantly in value to $19,000. However, there was a minor blip, and after 2018, its value dropped and its price settled at about $5,000 at the start of 2020. Since then, it has been a year-long rally amid two significant events.


The past year has been one of its kind - a global pandemic, market uncertainty, countrywide lockdowns, travel restrictions etc. Yet, we witnessed one financial asset on the rise - Bitcoin. The new-age digital currency saw a price recovery from Rs $8080 in March 2020 and is currently trading at around Rs $33692.


The rally in Bitcoin and other crypto doesn't seem to have run out despite the 600% surge in price. And with emerging startups such as CoinSwitch Kuber trying to make Bitcoin investing effortless, millions of retail investors have joined the Bitcoin Bandwagon.


Putting short term volatility aside and looking at the long run, analysts state that it could touch $100,000 (Rs 72 lakhs) next year.


Share this Article If you found it was Useful!!

Disclaimer:- Information in this Article is collected from various online sources. Thus this Website does not take any responsibility of the accuracy of the News this are just Estimations. Invest Responsibly!!