If you look at cryptocurrency forecasts, the majority of them are in favour of Bitcoin holding its own come next year. These predictions may vary but there are a few similarities, patterns of sorts, that we have noted each one share. If the future of Bitcoin goes in the same direction analysts have predicted, it proves to be a promising year ahead for Bitcoin owners. We look at some of the valid points analysts share and find out why crypto predictions are in favour of Bitcoin growth now and next year.
Online Businesses
Analysts have taken into consideration how many new online companies are adopting Bitcoin as a method of payment. With this in mind, businesses like NoviBet are also in the process of adopting cryptocurrencies as payment options knowing full well there is a targeted market in favour of using the safe and anonymous payment option.
Another aspect to look at is the ability the BTC currency has to bring in new traders because of its convenient manner and peer to peer ability in one smooth motion, allowing investors to move funds without any limitations other than finding online companies which accept Bitcoin or invest Bitcoin.
The Steady Rise Of Bitcoin
In all the predictions, there was another common hot topic. This was about the knock Bitcoin took in late 2018. This is what shook the trust of buyers, investors and miners. It was also the reason why some predictions have dwindled in their faith and explain how this might reoccur again. Despite the doubts, there has been a steady rise in the recovery of the cryptocurrency and this proves the stabilization and strength of the coin.
More Online Presence
With more companies adopting Bitcoin, more reviews being executed and more people becoming aware of the crypto world, there is every reason to believe in the rise of Bitcoin come the new year. The internet is a marketing tool for Bitcoin, more people are becoming aware of its presence and through this kind of ‘free advertising,’ more people are going to invest in the coin. It’s also why analysts believe the fall of Bitcoin was short-lived because the media drew publicity to it despite being bad publicity.
Stock Markets
It is believed that Bitcoin will be a wiser investment than Forex trading. Although this remains to be seen, there have been reports drawn showing the massive impact Bitcoin traders have had on the stock market. Both Forex and Bitcoin are investment gambles and yes, 2018 was a loss for many buyers. But with additional security and taking into consideration Bitcoin rose fast and hard and was hacked almost as quickly as its rise. It’s safe to say that perhaps 2021 is a more promising year in terms of stability.
Crypto Conclusion
Whether or not Bitcoin will see a better year than 2021 remains to be seen but the chances, according to the given statistics and current evidence, are in favour of the rise of this particular cryptocurrency.
