Crypto Experts Finixio Make Their Predictions
Major Crypto Media Company Makes Market Forecast….
London, UK, Dec. 12, 2020 (GLOBE NEWSWIRE) — On Monday, November 30th the financial world held their collective breath as Bitcoin reached its highest value yet, topping its December 2017 all time high. The skeptics had been proven wrong.
Finixio has been keeping a close eye on this story for years. The media company publishes a wide variety of content and has done for several years. As a result their expertise in the area is second to none, and they are making their forecast on its future….
In 2017, Bitcoin rocked the market by reaching an unforeseen peak of $19,783. This made professionals and amateurs alike stand at attention and start to take cryptocurrencies seriously.
The dream didn’t last long. Bitcoin was still an extremely volatile asset and the currency crashed spectacularly shortly after. It lost 25% of its value in only a day and by late 2018 it was valued under $4,000. There was no shortage of financial skepticism regarding its future.
But Bitcoin had been worth only hundreds in 2016 and mere cents in 2008. Despite its colossal fall, it had stabilized at a price that would still make early adopters unbelievable profits.
Eighteen days before the third year anniversary of its previous high, Bitcoin reached a value of $19,857.03. It began the year around $7100 and by October, it was already exhibiting an amazingly profitable year.
Renewed interest was sparking, and financial experts had started making amazing predictions from late spring. By the summer it was becoming clear that crypto and digital currency would have a huge role to play in the new global economy.
BTC started November at $14,000 and ended it with a bang. Monday’s peak was followed by an expected devaluation. By Thursday trading had gone down slightly with exchange data showing only $990 million in trades versus Wednesday’s $1.3 B and November $1.5 B average.
However, this time around people are not expecting a crash. In fact, both enthusiastic and cautious investors are predicting significant gains for Bitcoin in the next two years.
A Volatile Asset
Estimates vary wildly as to where the price of Bitcoin will land. Some say that it may reach $60,000 by next year, others believe it might even break $100,000.
But Finixio’s own Adam Grunwerg warns that Bitcoin is still a very volatile asset that’s likely to keep experiencing ebbs and flows. In the next year we could see fluctuations as big as 20-30% in BTC value.” As a partner who has traded the rise and fall and rise of the currency over many years, he has the experience to back this up.
However, crypto trading expert Adam is largely optimistic about the future “These fluctuations are…
Read more:Will Bitcoin Continue to Rise? Crypto Experts Finixio Make Their Predictions