One could scoff and pass by such an interesting news if similar statements came from businessmen. Such as John McAfee, who made promises about his forecasts and then hid in the bushes like a little boy. But here are statements from a seasoned man. Wall Street veteran Raul Pal has predicted that the Bitcoin rate in 2021 will reach $250,000. By the end of the year.
This is the very expert who gave forecasts on gold and oil, which came true with maximum accuracy. Therefore, trust in such an expert is very high. He is unlikely to act in anyone’s interests. Because the value of every word he says is his own reputation.
Bitcoin Price Forecast for 2021: $250,000
The expert assures that mined bitcoins are absorbed too quickly by serious players in the financial market. Such as Square and PayPal. The latter have such serious reserves that they can already influence the cryptocurrency market. Of course, they are not doing this because they want to build a new business model on Bitcoin. Not just to make money like speculators in 2017.
Again, predicting the Bitcoin rate in 2021 is difficult. Because in many countries, governments are trying to interfere in cryptocurrency operations. Everyone is eager to reveal wallet owners. If this happens, interest in Bitcoin will immediately fade. Because only the shadow economy can work so effectively. Few miners or investors will want to give part of their profits to the state.
The likelihood of Bitcoin price growth is very high. Stability is already noticeable. Considering that most coins are already held by serious investors, the market is no longer scary for speculators. On the contrary, coin holders can punish those who seek quick profit. Let’s hope everything will be fine. Miners deserve their reward because they invested their hard-earned savings in equipment. Investors also deserve profit because they withdrew their savings from banks and invested in the prosperity of cryptocurrency. People developing the economy of the new digital world deserve respect and prosperity. Read more – what is Bitcoin.
