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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 will inevitably rise in price in the long term

August, 04 2021
watermark Economic news

Over the past two weeks, the value of bitcoin has risen by 23% after the crash in mid-May, when its rate fell by more than a third in a day. In mid-April, the cryptocurrency was worth $64.3 thousand, after which it fell to $34.70 thousand. The current price of bitcoin is $38.55 thousand.


Some analysts believe that now the cryptocurrency looks undervalued, and within ten years bitcoin may rise in price to $700 thousand. The popularity of the digital currency is constantly growing, and as the crypto market is adequately regulated, even more players will enter it. Moreover, the development of technologies and various blockchain projects will make working with bitcoin easier and possibly faster.


At the same time, experts do not deny the risks associated with working with cryptocurrencies. Few analysts could predict Bitcoin's rise to $64.3 thousand in the spring of 2021, as well as its subsequent falls in May caused by the mining ban in China.


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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.