Bitcoin's (EXANTE: Bitcoin) fluctuations can reach $10,000-50,000, and capitalization can grow up to $1 trillion in 2021-2022, Bloomberg analysts have learned.
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The experts believe that the cryptocurrency's price will surge thanks to the unprecedented pace of quantitative easing and the growth of the ratio of debt to GDP, as well as the reduced rate of coin emission after the halving. They also emphasize that the current consolidation may last for several months, but growth will continue in the future.
According to analysts, bitcoin's market capitalization could reach the $1 trillion mark in 2021-2022. Analysts also expect a decrease in bitcoin volatility as the cryptocurrency continues to rise.
The 180-day corresponding figure in recent days is only 1.8 times higher than that of gold. In addition, the experts provided a graph showing the simultaneous growth of the hash rate and the price of bitcoin against the background of an increase in the ratio of the balance of world central banks to global GDP.
Earlier in December, Brian Brooks, Acting Comptroller of the Currency in the US, said that the US authorities will not ban bitcoin in the United States. Brooks declined to answer strictly whether the US Department of the Treasury is going to tighten regulation regarding self-hosted crypto wallets or not, however, he emphasized that nobody is interested in banning technologies related to cryptocurrency transmission.
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