• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Opinion

2021 Is Bitcoin’s Year: How to Get in on the Digital Gold Rush

Guest Author by Guest Author
1 month ago
in Opinion
Reading Time: 4min read
2021 Is Bitcoin’s Year: How to Get in on the Digital Gold Rush
Advertisement

Everyone’s pinning their hopes on this new year to bring good fortune, and for Bitcoin traders, it couldn’t be a better beginning. January saw BTC soar to dizzying new heights of up to $40,000 per coin. While the market has seen some price activity since then, it looks like BTC will hold the high ground. After the economic turmoil of 2020 and increased adoption of Bitcoin by mainstream financial institutions, the first cryptocurrency is close to living up to its nickname of ‘digital gold’.

How did we get here?

Bitcoin’s triumphant volatility may have surprised some market followers that saw Satoshi’s creation dip as low as $4,000 in the spring. But, as the global economy continued to suffer due to the COVID-19 pandemic, large-scale stimulus packages from state actors meant that traditional fiat currency was at risk of devaluation. On top of that, the 2020 halving event cut down rewards from miners, making the asset’s already limited supply even more scarce.

Investors took note, and the cryptocurrency became more and more attractive for speculators looking for a hedge against inflation, with Goldman Sachs identifying Bitcoin as ‘digital gold’ and Paul Tudor Jones endorsing it, as well. Grayscale, Fidelity, MassMutual and Microstrategy have all gained exposure to Bitcoin recently.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

BTC outperformed gold and the S&P 500 in recent years, but with higher volatility. / Wells Fargo.

The institutional investment in BTC is still a relatively small percentage of the market, but individual investors have benefited from mainstream interest via higher value for their holdings. Square ($50 million invested in Bitcoin) and PayPal — which recently added BTC and other cryptocurrencies to its service — are delving into the Bitcoin world. As more platforms explore BTC, its value as a digital asset will be sure to reflect its use cases beyond that of a speculative asset.

The combined value of Bitcoin and the rest of the cryptocurrency market surged to over $1 trillion as prices rose across the board. But BTC’s recent climb couldn’t last forever.

BTC market right now

At the time of writing, Bitcoin (BTC) price slipped for the fourth day in a row. However, at $35,000, it bounced back from a recent drop to $30,000 and is still far above 2020’s low of $3,800. Savvy analysts have pointed out that both BTC’s trading volume and active address are at a new all-time high. Meanwhile, several firms have reported a dramatic rise in Bitcoin futures contracts, and online crypto exchanges have noted an influx of new users, with the StormGain crypto trading platform reporting a trading volume of $7.43 billion over the last month.

BTC’s recent performance: starting 2021 on a high note. / StormGain

 More BTC is changing hands than ever, a sign of a healthy, liquid market. Bitcoin’ whales’, or accounts with more than 1,000 BTC, are also on the rise, potentially gobbling up the smallest retail investors (less than 0.1 BTC) who panicked and sold during the dip.

Outlook for Bitcoin in 2021: Should you invest?

Many analysts, institutional investors and crypto specialists alike predict sunny outlooks for Bitcoin over the next year. A leaked report from a senior Citibank’s analyst projected that Bitcoin could potentially hit a high of $318,000 by December 2021, calling it “21st-century gold”.

Strategists at JPMorgan have said that if Bitcoin beats its volatility, the original cryptocurrency could surge as high as $146,000 in the long-term as it overtakes gold as a safe-haven asset. Guggenheim’s predictions are even higher at $400,000.

Alex Althausen, CEO of crypto exchange StormGain, said on Wednesday that “BTC could easily hit $100,000 by the end of 2021. We’ve seen interest from new investors in Bitcoin like never before, which is also boosting the other cryptocurrencies on our platform.”

Bitcoin certainly presents opportunities for investors in 2021, but the risk for retail investors is that whales can suck up even more of an increasingly scarce asset and price smaller investors out. To maximise their profits, interested parties should look for a reliable crypto platform that offers the best returns on their investment and incentives for trading. Amid the Bitcoin feeding frenzy, other cryptocurrencies shouldn’t be overlooked, as BTC’s fortunes have historically lifted up other digital tokens, especially those which present interesting use cases for finance platforms.

How to buy BTC

Cryptocurrency is increasingly part of the mainstream, but specialist crypto platforms still offer the best conditions for traders. A good online exchange will offer trading options for BTC, XRP, ETH, and other coins that can be purchased with a regular bank card. The best crypto platforms also offer more advanced options, such as crypto indices and DeFi tokens.

When considering a crypto exchange for investment, be sure to research the commission rates and bonuses for the best deal, as well as unique perks from various platforms. For example, StormGain, one of the reputable crypto exchanges noted for its low commissions, also offers up to 12% APR interest on crypto holdings, which is especially attractive for long-term investors. The platform also includes free cloud mining software that can passively earn BTC for the user. Whatever exchange you choose, don’t miss your chance to stake your claim on the original cryptocurrency, as the momentum of digital assets can only accelerate.

About the Author: Anurag Gautam is an avid reader and Crypto Trader with a passion for creative writing for the past many years. By writing, he intends to help people flourish synchronously with pieces of his knowledge. His niche mainly includes blockchain, startups and business &technology. He has been working with startups, leaders, entrepreneurs and innovators.

TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Guest Author

Guest Author

Related Posts

Meet the Influencers Bringing Blockchain To Mainstream Consumers

Meet the Influencers Bringing Blockchain To Mainstream Consumers

4 weeks ago
Bitcoin is Going Mainstream, Why The Doubters Will Be Kicking Themselves

Bitcoin is Going Mainstream, Why The Doubters Will Be Kicking Themselves

3 months ago
Why Mainstream Media is Going Hot For Bitcoin

Why Mainstream Media is Going Hot For Bitcoin

3 months ago
Why Growing Legitimacy Will Help to Sustain The Next Bitcoin Bull Run

Why Growing Legitimacy Will Help to Sustain The Next Bitcoin Bull Run

4 months ago
Big Banks Turning Bullish on Bitcoin Should Have You Worried

Big Banks Turning Bullish on Bitcoin Should Have You Worried

4 months ago
fair launch

Beyond DeFi: A Fair Launch for All?

4 months ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

What Will Happen to Oil Production and Distribution in 2021, and How Can You Make a Profit on It

February 28, 2021

Bitcoin Gaming Platform FreeBitco.in Acquires 3.75 Billion FUN Tokens

February 26, 2021

60-Minute IFO, 187 Times Over-Raised, 40 Times the Price, 98 Million US Dollar Marketcap: Berry Data Has Become a Bright Star on BSC

February 26, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.