Bitcoin is trading at 33,341 United States Dollar at the time of writing this article and it is anticipated that the cryptocurrency will jump over US$34,000 anytime in the next few hours. We initially anticipated price jumping over the $20k barrier in December but nobody predicted price to touch and go beyond US$34,000.
In the span of the last thirty days, Bitcoin’s price has surged high to the highest ever point in its history.
is it a bubble as warren Buffett predicted three years ago? What if it goes on and hit $100,000 in the near future? There are many questions and doubts about the future of Bitcoin.
It seems like, with this pace, Bitcoin could well hit US$100,000 by 2021. This is a huge task for regulators to battle it out and keep the price in check.
Many investors still believe Bitcoin is irrelevant and it’s a Bubble. Regardless of what people think in for or against Bitcoin, there’s a clear difference in the pattern of 2017 and 2020.
Also See: There is Nothing that will Stop Bitcoin from Appreciating