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Will Bitcoin Breach the US$75,000 Mark in 2021?

From fool.ca

The cryptocurrency space has experienced an unprecedented rally in the last 12 months. The price of a single Bitcoin has risen from US$4,800 in March 2020 to its current price of US$44,750. It recently touched a record high of US$47,000 earlier this week, as Elon Musk’s Tesla disclosed the company has bought US$1.5 billion worth of Bitcoin. Digital currencies have been one of the top-performing alternative assets in the last decade, despite concerns over rampant price manipulation and the lack of regulations. Similar to gold, cryptocurrencies are viewed as a safe-haven asset class that should gain momentum during ... (full story)

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  • Category: Fundamental Analysis