Bitcoin has been growing over the past couple of years. But experts believe there might be a massive crypto crash in 2021.
Timestamps ⏱️
0:00 Intro
1:19 Bitcoin’s price growth
3:18 Bitcoin crash 2021
5:41 Value of Bitcoin dropped
6:27 Bitcoin’s crash to zero
8:07 Positives of Bitcoin
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Bitcoin has been on an uptrend for much of its existence, with its price climbing from essentially zero to as high as almost $50,000 in slightly over a decade. Being one the one of the largest currencies in the world, and in its short lifespan, Bitcoin has become one of the most profitable assets of all time. However, due to the ever-changing nature of the stock market, Bitcoin and all cryptocurrencies have turned to be very unprecedented and very volatile forms of investment, to a point Forbes crypto news author Clem Chambers describes cryptos as “now a trade not an investment.” With this volatile nature, investors and experts from all across the globe have had different views on the future of Bitcoin and the world of cryptocurrencies in general.
Some fear that the start of 2021 has been more like the end of 2017. Towards the end of 2017, Bitcoin seemed so promising as it was soaring over $18,000 while $20,000 seemed so near. However, the coin’s value had halved by February 2018 and by the end of the year, it was at below $4,000.
The predicted drop in value of Bitcoin has also been associated with the regulatory environment in the US. The cryptocurrency has attracted so many people and companies and has caught the attention of regulators and policymakers. Following this, Treasury Secretary, Janet Yellen has repeatedly and publicly raised concerns about cryptocurrencies including Bitcoin. The Treasury Secretary once called the “misuse” of digital currencies such as Bitcoin “a growing problem,” while signaling that policymakers are increasing their scrutiny of digital assets.
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HUGE Bitcoin Crash IN 2021 | “EVERYTHING Will Crash in 2021”
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