Copy Copied What are the latest Bitcoin price predictions for ? Even as late as October, this looked exceedingly fanciful, with data from Skew suggesting that there was only a 7 per cent chance of this happening.
The question now is what lies ahead in History shows us that spectacular crashes often follow new all-time highs. Is this a warning sign of things to come next year?
Perceived wisdom is that halving events, which happen every four years and the last occurred in Mayresult in dramatic surges for Bitcoin about 12 to 18 months later. If this holds true, we should expect to see fireworks between May and November Most rational pundits who are making Bitcoin predictions concede that there will be a rather sizeable correction at some point, but believe that BTC will Bitcoin price forecast for November its drive upwards afterwards.
A common theme for is shaping up to be continued activity from financial institutions, which dominated by buying Bitcoin far faster than it can be mined.
- Where will it go next?
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If pension funds and insurers continue to gain exposure to cryptocurrency for the first time — and more companies begin adopting BTC as a treasury reserve asset — one common Bitcoin prediction is that we could potentially see supply shortages. The digital version of gold is gaining mainstream acceptance yet still appears in the early days of mass adoption.
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Even now, countries such as the US have still been trying to thrash out stimulus packages to revive the economy. All of this involves printing more money and devaluing fiat currencies — making assets with a fixed supply more irresistible.
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Bitcoin price prediction: what do investors think? Getting a feel for what the public thinks is also crucial — not least because this could offer crucial hints about when many retail investors may consider selling up.
- November 27, Bitcoin is a decentralized financial technology that could replace fiat currencies across the globe.
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The prospect of regulation — or countries even moving to ban BTC altogether — weigh heavily on their minds. And here at Currency.