The Bitcoin currency was created in 2009 by a pseudonymous individual. It is a digital currency based on the blockchain that aims to have the greatest security and transparency. The idea, which brought about a period of volatility during its early phase, is still booming today. At one point, the currency reached a high of $30,000, and continues to rise. This is not a price prediction of the entire cryptocurrency market, but it should provide some insight into the future of this digital currency.
As the price of bitcoin continues to climb, many experts believe the next big crash is not yet here. While some are cautious about the value of the crypto, some believe the price will fall as much as 30%. According to a cryptocurrency analyst, there is a minuscule chance that the price will fall below $40,000 in February 2022. This could be due to the increased amount of whales in the market and the recent rise in volatility.
Experts predict that Bitcoin is on its way to breaking the $100,000 mark, though they disagree on the exact date. A recent study by Deutsche Bank found that about one-quarter of investors believe prices will reach over $110,000 within five years. This is a bullish indicator, but it does not mean that Bitcoin will never hit that high. The price of Bitcoin is incredibly volatile and a new investor should be cautious.