Bitcoin bull market won’t just continue. It will keep being the phenomenon it has been since its release in 2009. The financial experts aren’t wrong on this, and they have predicted great things for Bitcoin holders.
This week’s introduction of Bitcoin’s ETF has brought new investors with fresh dollars into the market. As a result, Bitcoin catapulted to $66,912.29, the highest it has ever been. But if the financial experts are correct, that’s just the beginning.
They’re calling for $100,000 by the end of this year, and it’s completely doable. If you’ve been watching Bitcoin, you might have watched it shoot from $2,500 in June of 2017 to over $19,000 in December of that same year. That’s the kind of magic Bitcoin has been bringing for years, and it’s far from over.
Bitcoin started at just above $29,000 at the beginning of the year and hit $63,000 in April. The Bears had their moment after that to seize this tremendous asset when Bitcoin dipped back to $29,000 in July. But that was short-lived. It jumped to $42,000 by the end of July, and it’s been a shining star ever since.
Netflix (NFLX) once sold for $.37 back in 2002. Now it’s at $659. Monster Beverage (MNST) was once purchased for $.06 in 2001. Now, it’s at $85. Apple Inc. (AAPL) traded at $.94 in 2003, and now it’s at $149.43. So many investors have said they wished they would have been holding those stocks early in their day because they would have been rich today.
But Bitcoin has done the unthinkable. Compare them! It first traded at $0. Those pioneers of cryptocurrency knew what they were holding and were biding their time. $66,000 later, and they are laughing all the way to the bank.
But they’d be silly to let it go just yet. With some of the top voices in investing calling for it to hit $100,000 by the end of this year, this Bitcoin bull market is just getting started, and there is no indication it will slow down any time soon.
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