The future of Bitcoin: Is it time to invest?

The future of Bitcoin: Is it time to invest?

Experts revealed what the price of Bitcoin will be in December. Is it time to invest? Well, keep reading to find that answer. 

Experts revealed what the price of Bitcoin will be in December. Is it time to invest? Well, keep reading to find that answer. 

Bitcoin has been lateralizing for several days near $31,000 per unit. The famous cryptocurrency is in a situation where it is not fully defined if its price is inclined by an upward or downward trend, and oscillates in a certain range.

Bitcoin has been lateralizing for several days near $31,000 per unit.

For many experts, that Bitcoin is calm is a sign that it is a good time to enter and start investing in it. Basically, the income of the digital asset in a period of certain stability appears as a characteristic that "fills with optimism" to investors.

In this context, the specialized platform Stack Funds reported on index funds of Bitcoin (and other cryptocurrencies) and predicted that a "super cycle" will be generated in the coming months, which will make the price of the asset appreciate.

The specialized platform Laevitas published a report on the future of Bitcoin and predicted that the cryptocurrency could reach a six-figure price by the end of the year, close to $200,000, which would be an absolute record.

Bitcoin could reach a six-figure price by the end of the year, close to $200,000

The opinion of the experts who participated in the research is based on the fact that in the last week, more than 420 Bitcoin call option contracts were sold for $200,000 on Deribit, a cryptocurrency options market that allows investors users buy and sell through an exchange.

As of mid-afternoon on Thursday, it is trading at $31,579.70 per unit. Currently, the market capitalization of Bitcoin is $605,636,949,326 and 18,756,975 BTC circulates.

Related Articles

More News

More News