Will Bitcoin Hit Record Highs in 2021?
Hi All,
On top of the support from traditional payments systems, institutional investors are bound to increase Bitcoin’s price
For example, JPMorgan analysts have predicted that around $600 billion is set to enter the asset’s market. This is based partly on the $100 million investment into Bitcoin by the Massmutual insurance group.
A leaked Citibank report, for instance, claims that Bitcoin is “21st Century Gold.” This document notes that Bitcoin’s consistent rallies and corrections aren’t a bad thing. If anything, these changes are proof that the asset has a long-term foundation.
On top of the support from traditional payments systems, institutional investors are bound to increase Bitcoin’s price
For example, JPMorgan analysts have predicted that around $600 billion is set to enter the asset’s market. This is based partly on the $100 million investment into Bitcoin by the Massmutual insurance group.
A leaked Citibank report, for instance, claims that Bitcoin is “21st Century Gold.” This document notes that Bitcoin’s consistent rallies and corrections aren’t a bad thing. If anything, these changes are proof that the asset has a long-term foundation.
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