Top BTC Forecasts for 2021

Background

The year 2020 was more of a rollercoaster ride for the investors and traders in the crypto market as they witnessed a great degree of price fluctuations in BTC prices, to great lows as well as all-time highs. Therefore, it has been an adventurous year for BTC investors. Bitcoin crossed the then all-time high and doubled its 2017 record value of $20,000. Very recently though, BTC crossed the $50,000 mark showing great performance.

As we write now, the leading crypto coin in the world is at the price point of $57,560.20.

It has been more than 10 years since crypto, more specifically bitcoin has been in the market, and in the last year, it showed great maturity and resilience, proving itself as a reliable investment option and a currency that has been here for over a decade. The market gurus and experts have expected the price to continue to surge even further this year and up till now, they have not been much wrong.

It should be noted that in order to become an investor in BTC, the only option is not just purchasing it. CFD trading is another area through which a person can take benefit and indulge in BTC trading and investing business, which is full of profits and gains. It should be noted by the rookies and beginners that automated crypto trading bots have made it increasingly easier for them to conduct CFD trading. There are many trading platforms that you can choose from if you are willing to trade your crypto online via an automated trading bot. btc prime is one of the leading automated platforms for automated crypto trading, as it uses advanced algorithms and Artificial Intelligence, in order to generate profits for its users.

In this article, we will be highlighting the most important and significant trends which we believe BTC will show this year during 2021. Here is a list of 3 of these key Forecasts:

Increased BTC Acceptance & Adoption

The market cap of BTC greatly increased during the last year, All thanks to all the institutional and retail buyers of the crypto, which increased the demand for BTC, its prices as well as its reliability in the market. Examples of global companies which invested in BTC are Square, which invested a whopping $50 million of their cash reserves in BTC. Also, payment giants such as PayPal also introduced features for their users, integrating BTC into their network system. All of these activities have had a great impact (a positive one) on the promotion, publicity, and increased awareness about BTC and crypto in general, thus causing increased adoption and acceptance of BTC all around the world.

Market experts and analysts expect this mainstream adoption to continue the same way, even at a greater pace this year as compared to the last years, especially the last year of 2020. It is predicted that other major financial corporations and big companies will be joining the BTC community this year as well., incorporating a payment option through BTC similar to what Microsoft has already done. Also, major global banks will also begin to offer services of holding crypto assets and other digital assets for their users on their behalf as well. 

Increased Regulation on Crypto Assets

Now if we consider factors and features other than the price, the governments and the regulatory bodies have been actively observing the crypto market and monitoring the surging crypto market capitalizations for some time now. Analysts and experts in the market, through their anonymous resources, have stated that the governments of the United States and the United Kingdom might be introducing fresh barriers for BTC and other digital currencies if they observe a similar swelling in the growth of the crypto market. These governments will also be looking to formulate new regulatory rules and regulations on the proceeds from crypto, and most likely link Capital Gains Tax to the profits from these crypto assets.

Maybe the pro-BTC people tend to neglect the anonymous nature of BTC and other virtual currencies. However, for the regulatory institutions and authorities, this is a major concern because of the potential practice of crypto in activities of fraud and other illegal activities. It is expected that the newly elected president Joe Biden’s new administration will most probably formulate a new regulatory policy that will put restrictions on the digital currency market and both the traders and investors of crypto.

Conclusion

It is true that essentially nobody has a 100% guarantee about what the price of BTC might seem like by the end of this year. Nobody is sure what the price of one Bitcoin will be by the end of the year. People make efforts, writing analyses and articles, also writing blogs which are published every now and then about how the BTC prices will either skyrocket while others, the more skeptical ones, keep writing about how the prices might decline. To all-time lows. We don’t side with any of these people, but what we do believe is that the number of pros offered by BTC is certainly greater than the number of its drawbacks and the underlying risks. BTC should be considered a great investment option as it was considered years ago and is still thought of by the current investors as well. 

Disclaimer: This is a paid article. KryptoMoney does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. KryptoMoney is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.