Bitcoin price rise: Will Bitcoin keep rising? Why is BTC soaring?

Mr Swanepoel told "There's every indication that bitcoin will continue to increase in price.

"Drops of between 20 30 percent like we saw over the weekend are not entirely uncommon in a bull market, but bitcoin's ability to bounce back and again break its all-time high in such a short space of time indicates a maturity in the market that just hasn't been present in recent bull runs.

"Many have been predicting bitcoin could reach the $50,000 - $100,000 to (£36,621 to £73,243) mark in 2021, and if the first week of the year is anything to go by that may well be the case.

“It's early days, but the signs are positive. And, while we all hope for a return to normal as soon as possible, the continuing economic uncertainty will only strengthen the position of bitcoin and increase its standing as an alternative investment in these trying times."

Post a Comment