It is difficult to say to what level the crypto would shoot up. Thus, Bloomberg predicts USD 50,000 in 2021 and JP Morgan Chase forecasts USD 146,000 in several years. However, it is important to remember about the volatility of digital assets, which played a cruel trick with many investors. You can read more about the bitcoin value forecasts for the year 2021 in our new article.
Following bitcoins, altcoins also fly ‘to the Moon’. Nevertheless, the general cryptocurrency market capitalization is just a bit higher than USD 1 trillion, which is relatively not much when speaking in terms of the world financial market. For example, Apple (AAPL) completed the previous week with capitalization of USD 2.26 trillion – and this is only one of the biggest US companies.
However, bitcoin started a retracement in the morning January 11, falling in momentum to USD 33,000. Let’s see what happens next.
