Bitcoin, strong growth expected for the second half of 2021

It was a two-speed semester that recorded by Bitcoin, with the coin capable of going from $ 29,000 at the end of 2020 to an all-time record of $ 64,800 in mid-April, before triggering a downward trend, losing more than half its value and then settling on the current $ 33,000. Assuming that long-term forecasts are often a gamble, it is worth noting the one formulated and shared today by Bloomberg Intelligence, which almost certainly gives a strong growth between now and the end of the year.

A bullish second half of the year for BTC?

To trigger it would be the attention of investors increasingly turned to assets such as cryptovalute par excellence and less and less traditional goods, primarily oil. However, there are several factors that could play against the prediction: above all the crackdown promised internationally with the approval of new rules (Europe is also thinking about it) and the criticisms addressed to the mining activity considered unsustainable from the point of view of the environmental impact, due to the enormous energy consumption.

In the graph above it is possible to appreciate the trend in the value of Bitcoin over the last year (source CoinDesk). Despite the discount of the two-month period just ended, observing the phenomenon from a broader perspective (as always should be done to avoid exposing oneself to the volatility of sudden changes), the rise is net: July 9, 2020, BTC it was stuck below the $ 10,000 mark.

Categories:   Digital Economy