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It is predicted that Bitcoin (BTC, the number one market cap), which is continuing the recent reported rally, will more than double this year.
According to Bloomberg News on the 9th (local time), Galaxy Digital CEO Michael Novogratz said, “Bitcoin will rise to $100,000 by the end of this year. More global companies will support BTC payments and new users It predicted that it will support the rise of BTC prices as a large inflow of stock.
Earlier in December of last year, Michael Novogratz said, “The current market atmosphere is different from the speculative market that individual investors raised in 2017. Within one year, BTC will reach $50,000, which is 10% of the gold market cap.” I had a prospect.
In this regard,’JIn’s Crypto’, an analyst specializing in Coinness said, “Bitcoin has entered a full-fledged uptrend thanks to a specific good news. At this point, the investors with the best returns are by far the long-term investors. Short-term investment opportunities are increasing. It should be noted that there are more funds that exit after realizing profits than the funds inflow to purchase BTC in the current market.”
According to CoinGecko data that day, as Bitcoin increased its rise and reached its previous high, the global cryptocurrency market cap exceeded $1.3 trillion. The latest standard cryptocurrency market capitalization is $1,328.9 billion. Among them, the market capitalization of bitcoin was 794 billion dollars, accounting for 60.3% of the total cryptocurrency market capitalization.