You could more than double your investment!
At the time of writing this, Bitcoin is currently sitting at ~$46,000 per coin. Many people have been speculating that the wildly popular cryptocurrency could end 2021 well above $100,000 but how possible is that prediction really? the experts way in!
Now remember, if you are new to Bitcoin it is important to remember that you do not have to spend ~46k to buy one single bitcoin, you can invest as little or as much as you want and watch your investment grow or sadly tank. hopefully not the latter.
According Market Watch, analysts a Fundstrat Global Advisors addressed the rumors of Bitcoin hitting 100k by the end of 2021 and surprisingly, they were bullish!
Tom Lee, Fundstrat founder, had this to say about the 100k per Bitcoin prediction, “A hundred thousand into year-end is pretty reasonable.”
Furthermore, Lee added, “While the hysteria around the continued surge in delta variant infection continues to grow, the IHME (Institute for Health Metrics, forecasters used by global policy makers) forecasts USA COVID-19 infections to peak this week.”
Adding, “What is also interesting is the IHME is not forecasting a fall surge. That is, they are not expecting a renewed wave of cases in the fall. The fall is back-to-school season, plus the start of flu season. Yet, the IHME sees this wave petering out.”
If correct, a dramatic fall in COVID-19 cases towards the end of 2021 would likely mean that Bitcoin would mimic the stock market and skyrocket.
Now, does that mean it will actually happen? Only time will tell. Just don’t bet the farm on it.
* Additional Disclaimer: All content provided by this newsletter is for informational and educational purposes only and is not meant to represent trade, investment, or healthcare recommendations.