10 Biggest Bitcoin Predictions in 2021
Bitcoin, the most popular cryptocurrency, has fallen by close to half in value from a peak of around $64,000 since April, resulting in social media speculation around crypto-related stocks in general and the future of blockchain technology in particular. Some of these concerns have come amid a renewed government crackdown against digital currencies in China, one of the most important internet markets in the world. However, financial experts have stepped in to fill some of the information gaps and soothe investor concerns on the issue.
Crypto-related offerings, by the very nature of a business still in infancy, are volatile. Smart investors realize this, and often understand why a dramatic fall in value for a technology that is universally considered revolutionary might actually represent a buying opportunity, instead of a panicked selloff. Another solid indicator of long-term outlook on crypto is hedge fund interest, and many of the top performing funds over the past twelve months, including ARK Investment and Bridgewater Associates, hold crypto-related assets.