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Will Bitcoin be worth more than $100,000 in 2021?

Photo: Paramount

The divine growth of Bitcoin at the end of 2020 has convinced many small investors to jump on the fast profit train and invest part of their funds in this magical cryptocurrency. What does Bitcoin hold for 2021 and will it really be worth more than $100,000 as many predict? Namely, if you invested $100 in Bitcoin in 2009, you would have $500 million today.

You are planning to invest in Bitcoin and wondering what stage is the most popular virtual currency at the moment? Has it reached its so-called ceiling and does it have the potential for exponential growth this year? It will Bitcoin became part of the S&P stock market index already this year? Will it possibly become part of some other indexes as well? And would this mean more stability and less long-term growth for Bitcoin?

A pretty simple percentage game that seems even easier in 2021!
photo: David Shares

Bitcoin has been at the center of attention in recent weeks in many global financial analysts, bankers and media. Indeed, this most popular virtual currency in the world has experienced an extraordinary increase in value in recent months and weeks, which in its not so long history actually reached the phase of the current maximum. Namely, there is value in November Bitcoin began to rise sharply - it reached a value 40,000 dollars and settled at approx 35,000 dollars. Whether this value will continue to grow is difficult to predict for now, but somehow it seems that it is Bitcoin entered a new phase in which we can expect a decrease in currency fluctuations and thus a calmer one an investor haven for all current and future investors. Above all, this also means calmer growth in the future. After turbulent puberty, we expect a transition to a more mature period, which will not be so wild, but can still be profitable! Still, it feels like a year 2021 is the last year, when we can expect a multiple of today's value.

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End of 2020 has certainly brought much joy to investors in the Bitcoin and it looks like next year could be even better. With the recent rise, many Bitcoin owners have made good money, but many are not yet thinking of getting rid of their stakes, mainly because they believe that their stake will rise sharply in the future. Also because of certain announced "financial" events in 2021. In other words, the "money" situation is so good for cryptocurrencies in 2021 that all the basic conditions for growth are in place. This is also why all analysts are predicting a "crazy" year for Bitcoin. Some are more optimistic, others somehow more conservative. Crypto multimillionaires who have more than 10 million dollars in Bitcoin currency is around 2.200. And these "crypto" whales strongly believe that they can multiply their wealth this year.

To understand the present, you have to look into the past

Bitcoin took its first steps in January 2009, when the first naka future of money trading began. To date, the value of the currency itself has grown tremendously. Over the past 11 years, many investors and individuals have invested their "physical money" in the virtual currency, thereby significantly increasing the value of Bitcoin itself. It sounds a bit unbelievable, but ten years ago, if you only invested a penny in Bitcoin 100 dollars, you would have more than 500 million dollars. Years 2010 namely, the value of one bitcoin was only 0.003 dollars, but today these values also rise to 40,000 dollars. This is an incredible difference in value, thanks to which many investors (especially those at the beginning) hope and sell this virtual currency. From the not-so-distant year of 2009 to today, a lot has changed and Bitcoin has matured into a currency that, according to experts, could actually make Bitcoin millionaires without lifting a finger. All that was needed was to jump on the train of "magical" new technology and forget about those 100 dollars.

The days when Bitcoin was $3,000 are over. But it's only been a year!
Photo: Pexels

Many analysts predicted that Bitcoin would grow strongly, but its value, as well as its growth, would drastically decrease or expire over the years. But the latest developments in the financial market do not really show such a trend - given that Bitcoin is growing to limits that we could not have imagined a few years ago. Those who were among the first to invest in Bitcoin with one smart decision secured themselves financially for life, but many are wondering what happens to those who invest in Bitcoin today? Will Bitcoin continue to grow and to what level can it climb? The fact is that it is much easier to achieve an increase in value when the value is low (0.003) than it is now, when Bitcoin is already worth about $35,000 or has stopped at that mark. So the growth of Bitcoin will definitely not be as fast as it was in the last period. However, many predict that its growth will be much more constant and stable.

Easy eToro trading platform!

Don't know where to start? Where to buy for the first time Bitcoin or a stake in Tesla? The platform, which among the multitude of tested ones has proven to be the simplest for every beginner, but at the same time good enough for an experienced trader, is the trading platform eToro. The latter enables commission-free trading (even with cryptocurrencies) and at the same time offers beginners a virtual account with 100,000 dollars, on which you can test the platform itself without any risk and simulate trading. On the platform, you can also follow the most successful traders and their purchasing decisions, thus practically "automatically" improving your money. Or you are getting ideas for your investment. eToro it's completely free, and you use it on your mobile phone as an app and in a regular web browser on your desktop.

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Primacy of the strongest

More and more small investors from the "café" and smartphone. Guarantee even faster growth!
Photo: Austin Distel

After Bitcoin many cryptocurrencies have emerged. Many of them had bold plans and the growth of some was extraordinary in the first moment. But today almost no one mentions any other virtual currency except Bitcoin. Of course, there are currently many virtual currencies and new ones are created every month, but somehow we have the impression that no one can really compete Bitcoin. Bitcoin's essential advantage is that it now has more than 11 years of active "operation" and that many investors and individuals have decided to trust this virtual currency. While many expected the virtual currencies of countries or large IT companies to surpass the value of Bitcoin over the years, this has not happened. There were also a lot of breakdowns and financial shipwrecks in the multitude of attempts. Virtually the only cryptocurrency that has so far successfully passed all the formidable challenges is Bitcoin. Despite various conflicting user opinions, stock market hacking and many doubters, Bitcoin continues to grow unstoppably and maintain its continuity. But we are interested in the future!

Why invest in Bitcoin in 2021?!

We managed to prove how "cool" Bitcoin is in the lines above. But we still wonder how high it can go in a year 2021 the "climb" of this currency and what final value it may reach on December 31, 2021.

Reasons to Invest in Bitcoin 2021

Top Reasons to Invest in Bitcoin in 2021!

1. Cryptocurrency index - by S&P Dow Jones Indices

American company S&P Dow Jones Indices, which deals with stock market indices, announced that from the beginning of the year 2021 started publishing stock market indices for cryptocurrencies. Although the movements in the value of Bitcoin have been monitored on various websites so far, the fact that this will be one of the biggest recognitions of this currency is that it will give investors an additional wind at their backs. Let us emphasize that it is S&P Dow Jones Indices a company with many years of experience and one of the most recognized agencies for monitoring the market and creating stock indices. That's right S&P Dow Jones Indices announced that for the first time it will publicly monitor the state of the cryptocurrency market, which means that the stock index will cover several virtual currencies. In fact, it is mentioned that as many as 550 of the most popular cryptocurrencies will be analyzed, among which it will certainly have a separate place right Bitcoin. Thus, Bitcoin will also receive an "official" confirmation of its value and we can expect that there will be more and more people who will want to invest their money in the best virtual currency today.

2. Flood of money and bank credits, low interest rates, negative interest rates on deposits

Anyone familiar with the banking situation knows that in 2021 money will be practically free. It is also in circulation because of the crisis COVID-19 too much. Various state incentives and bank guarantees simply offer the opportunity for people to start thinking about the enrichment of money in a different way than through bank instruments. These are outdated and far from profitable this year. The prediction is that it should be right in the year 2021 saw the largest number of small investors, who would place their funds instead of deposits in Bitcoin and thus added to it great growth. Also, the announcements of some companies, such as Tesla, that they will place their liquidity funds in cryptocurrencies - more specifically in Bitcoin. Which could already be indicated by the "Saturday" weekend jumps of this currency, which prefers to grow the fastest precisely when the financial markets are closed. Namely, the money in the bank account over the weekend is dead money. And more and more financiers are aware of this, and they enrich millions in a "smarter" way".

3. Availability of trading tools and mass use

The important thing is that trading cryptocurrencies today is really easy and fast. But practically everyone can use it. Also due to this accessibility of trading from the pocket, many things will change. Every internet user will therefore be able to easily buy cryptocurrency from their phone, and with this, a multitude of small investors will 2021 multiplied. And with this multiplication, the flow of money into Bitcoin will increase abundantly. So is its value. Certain trading platforms such as eToro are reported to have doubled their users in the last months of 2020. eToro, however, is said to already have more than 20 million users. And the greater the use of these platforms, the more money there will be in the system, the more value he will be right as a leader Bitcoin.

Recovering from COVID-19

State subsidies to individuals and state aid to citizens and companies will create the space and conditions where a good percentage of the multitude of recipients of these subsidies will decide to keep the money and not spend it immediately. A good percentage of these will decide to enrich the amounts in the cryptocurrency market. Among them, there may also be large companies that could try to cover losses through financial instruments and compensate for the loss of traffic also with financial fraud. Bitcoin seems like the right way at the moment.

Analysts' Predictions - Bitcoin will reach up to $318,000 in 2021

Of course, forecasts also go to extremes, but they are always calculated on the basis of past growth. Such a company Estes predicts growth between $100,000 and $288,000. These forecasts are joined by various banks and investment funds, all of which in one voice indicate figures greater than 100,000 dollars. (City) No one can know what will happen in reality, but everyone is convinced that $100,000 is not a limit, but a realistic possible growth given the market conditions at the moment.

Regardless of whether you decide to "melt" your savings into Bitcoin 2021 is when you are most likely to take the least risk with this move. The stars are shining for investing in Bitcoin clearer than ever. If we can look back just a year, you could March 17, 2020 bought one Bitcoin by value 5,000 dollars, but today we could sell out 7 times that amount. And if the story is similar this year, but it looks like it will be better, anything is possible!

Hint: Not sure which trading app to choose?
Not sure which trading app to choose? Are you looking for one that would have as few fees as possible and where, in addition to cryptocurrencies, you could also buy a share of your favorite brands such as Tesla or Apple? eToro is an extremely simple trading platform used by an extremely large number of users in Europe and Slovenia and is among the leading trading platforms. It allows you to buy a nice range of cryptocurrencies, as well as practically all securities. Use and trial are completely free.
TRY THIS LINK

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