Will the Perfect Bitcoin Storm Last?

18 Feb, 2021 CryptoParrot

Anyone with minimal knowledge of Bitcoin knows the gist by now: every other day, the coin breaks another record. What months ago was a distant dream of repeating 2017's bull run has quickly and surely been surpassed, as the old 20k ATH would now be considered laughable against the daily records breaching 50k heights.  

The hype is not in short stock for the King of Crypto, with analysts predicting Bitcoin breaching 100k by the end of the year. Some even go above and beyond that, claiming the coin has the potential to reach $1 million per coin by the end of the decade. 

Ironically enough, overhyping Bitcoin's potential might be the reason for its downfall. As multiple sources point out, there might be a "Covid bubble", creating a perfect environment to pump BTC higher than ever. Once life returns to a semblance of normality, with economies and investments recovering, we might see the coin falter to meet its traders' expectancies for the future. 

Wanna go all-in on Bitcoin, do it here

User Avatar
WRITTEN BY

CryptoParrot

Crypto Parrot Community Mgr - Here to help answer questions, fix things & help out when needed. Got feedback? Send those bad boys here: [email protected]

Related articles

Bitcoin records 3x higher average trading volume in October than Apple, Amazon, Microsoft

After experiencing increased volatility in late September, Bitcoin (BTC) appears to be regaining its momentum towards another all-time high…

2mins 12 Oct, 2021 CryptoSlashy
Almost 5,000 new cryptocurrencies launched in the last 12 months

As the cryptocurrency industry continues to mature with mainstream adoption, investors are pumping more money into the sector contributing to the sector’s popularity.…

2mins 22 Sep, 2021 CryptoParrot
Ethereum adds over 38 million new addresses in 2021, 22% of all ever created

The Ethereum network plays a key role in the cryptocurrency circles, with the asset recording significant interest.…

2mins 14 Sep, 2021 CryptoParrot
Blockchain-related job postings surge 118%, software development sector leads at 30%

The focus on cryptocurrency and blockchain technology has been growing in recent years as organizations explore how to leverage the industry’s full potential.…

2mins 31 Aug, 2021 CryptoParrot
Start trading

Recommended crypto exchange

Buy & sell Crypto in minutes

Learn more

Comments

Login to comment