Clues to the inconsistent price of Bitcoin's exact value at any given time answer that Google, a digital currency exchange, or another price tracker is accurate?
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Is bitcoin headed to $100,000 in 2021 or is its price ‘unsustainable’?
The bank estimates that the aggregate investment in bitcoin from the likes of companies like Tesla Inc. TSLA, JPMorgan offers two theories as to why prices have climbed to records on relatively modest new interest. The institution says that the inelastic supply of bitcoin from mining and a premium being offered to existing holders to part ways with their coins is helping buoy prices. The other possibility, JPMorgan says, is that individual investors are delivering a bigger jolt to bitcoin prices than previously estimated.
In any case, bitcoin prices remain elevated on the back of growing attention from traditional investors. Good Friday is next week and markets will be closed as per usual. However, what will be unusual is that the closure of financial markets in the U. Mark DeCambre is MarketWatch's markets editor.
He is based in New York. Follow him on Twitter mdecambre. Economic Calendar. Retirement Planner. He said that as more governments start accepting Bitcoin and as more companies start accepting this cryptocurrency too as a means for payments, the price is bound to increase. He also cited example of GameStop shares which fell after rising significantly. For any asset class, the investors should buy or sell gradually and not at one go, Singhvi said.
This is important because this gives opportunities to every investor to enter and exit at all levels, he added. Subscribe on YouTube. Read in App. Business News » Personal Finance News.
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