Bitcoins frenzy among investors is just a step away from the record high

category:Finance
 Bitcoins frenzy among investors is just a step away from the record high


On the rise of bitcoin again, Denis Vinokourov, head of research at bequant, a digital asset company in London, said: with bitcoin rising above $19000, momentum is clearly on the bull side. Given that digital assets are volatile and obviously liquidity is increasing because no one wants to miss the market, we almost certainly wont repeat the kind of immediate sell-off in 2017 The situation.

Brian Estes, chief investment officer at off the chain capital, said it was not a dream for bitcoin to rise from $18000 to $100000 in a year. Based on a model, Estes predicts that bitcoin could rise to between $100000 and $288000 by the end of 2021. Whats more, Tom Fitzpatrick, Citigroups technical analyst, said in a report last week that bitcoin could rise to $318000 by the end of next year, due to limited supply, ease of cross-border mobility and unclear ownership. However, as bitcoin continues to soar, many skeptics scoff at it, believing that the volatile virtual currency is just a speculative asset rather than a value storage tool like gold. Source: Science and technology innovation board daily editor: Yang Bin_ NF4368

Brian Estes, chief investment officer at off the chain capital, said it was not a dream for bitcoin to rise from $18000 to $100000 in a year. Based on a model, Estes predicts that bitcoin could rise to between $100000 and $288000 by the end of 2021.

However, as bitcoin continues to soar, many skeptics scoff at it, believing that the volatile virtual currency is just a speculative asset rather than a value storage tool like gold.