Bitcoin hits a all time high of $67000 today 20th October 2021. The cryptocurrency has been on a crest this year, gaining more than 1,000% in value. It is up about 15-times since the come into existence in 2017 and has climbed up to 50% just in the past month alone.
At its current price, bitcoin is now worth more than $100 billion (about $310 per person in the US) (about $310 per person in the US)—about as much as McDonald’s Corp., according to Coinmarketcap.com data.
Cryptocurrencies finally got the mainstream attention they deserve.
Traders are excited because they think that an ETF will make it easier for people to invest in bitcoin without having to buy them directly from exchanges or set up digital wallets themselves. “It makes it accessible for retail investors who don’t want to deal with buying bitcoins,” said Michael Graham, an analyst at Canaccord Genuity Inc., adding that he expected demand would be strong enough to keep pushing prices higher even after the new funds’ launch later this week. “The market should be able to absorb these flows.”
Analyst: Bitcoin could hit $100,000 in 2021
Some experts say that bitcoin could rise to as high as $100,000 before it crashes. One analyst told CNBC he believes it will hit at least $50,000 by next year. “The end-game on bitcoin is that it will hit $300,000 to $400,000 in my opinion and it’s only going to take one black swan event for that to happen,” said Kay Van-Petersen from Saxo Bank earlier this month. “I don’t know whether or not we are at the highs yet but I’m afraid we’re close.” But others believe there is a bubble waiting to burst—and soon—as people continue buying into an asset with no intrinsic value beyond what they are willing to pay for it right now. That is why some analysts think bitcoin will not even reach five figures until after 2020 when all 21 million bitcoins have been mined (the number of coins currently available is 16 million). And if you want your own piece of digital gold? You will need around 2 Peta hashes per second (PH/s) according to Blockchain Luxembourg Sàrl CEO Charles Edward Hayter who spoke with Newsweek last week.
Why do you need an cryptocurrency exchange.
There are many reasons why you should use an exchange. The first is that it’s the easiest and most convenient way to get started with cryptocurrencies. Exchanges also provide access to advanced trading tools like candlestick charts, technical indicators, and market depth data that can help traders make more informed decisions. And finally, exchanges offer a wide variety of payment options so you can choose how you want to fund your account and trade your coins.
How to buy bitcoin?
Cryptocurrencies are the future of money. If you’re interested in buying cryptocurrencies, then it’s time for you to learn about how to buy bitcoins. It’s easy and simple! You just need an account in cryptocurrency exchanges
For Best Exchange in India WazirX, BuyUCoin, ZebPay,
Best International crypto exchanges Binance or Poloniex.
Once your account is created on any of these exchanges follow the below steps-
1) Sign up
2) Verify Email
3) Login
4) Deposit Money
5) Trade
6) Withdraw Your Bitcoin & Other Cryptocurrency Coins
7) Enjoy!!!
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