Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Bitcoin can rise to $300 thousand, but then – fall by 80-90%


March, 23 2021
watermark Economic news

Co-founder and former CEO of BTCC crypto exchange Bobby Lee said that today bitcoin is in a «bull market» and may rise to $300 thousand. At the same time, he warned that the «bubble» could burst after reaching a peak, and the cryptocurrency would fall within the so-called «bitcoin winter», which can last for years.


Lee also noted that Bitcoin bull market cycles occur every four years, and this summer, the value of the digital currency could easily rise to the level of $ 100,000 or more. Two of these «bullish market cycles» have already occurred over the past eight years: in 2017, when the price of bitcoin surged from $ 1,000 to almost $ 20,000 in a year, and in 2021, when the price of cryptocurrency sharply reached $ 60,000.


The economist warned that the bubble could burst when the price of bitcoin declines. In the crypto industry, this is called bitcoin winter, and it can last anywhere from two to three years. Moreover, the value of a currency may fall by 80-90% of its value at its historical peak.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.