Fascinating forecast of the future of bitcoin prices
According to the recent Bitcoin trend, experts predict that this digital currency will reach more than $ 50,000.
Bitcoin is the epitome of the trade movement. Today is Ilan Mask’s $ 1.5 billion betting day in bitcoin coverage. Bitcoin social sentiment is off the chart and wild fluctuations will remain.
The next big move for Bitcoin could be if other companies follow Tesla in diversifying cryptocurrencies and accepting them as a way to pay. Given where prices have reached, Bitcoin needs large retailers to sell high-end machines or luxury goods to accept cryptographic payments.
For several years, bitcoin failed to accept mainstream, and bitcoin was used to buy a coffee or juice. Bitcoin needs a few more big approvals, and this could be the key to raising prices above $ 50,000.
Currently, the price of each bitcoin has reached its highest rate with an increase of more than 7%. Each bitcoin is now $ 47,370, which is expected to reach more than $ 50,000.
Gold prices are on the rise
Gold moved higher as lawmakers began dissecting Biden’s $ 1.9 trillion package. Although a massive stimulus package appears to be in place by mid-March, President Biden’s willingness to negotiate a final rate is close to $ 1.2 trillion.
Meanwhile, optimism remains that monetary and fiscal stimulus in the United States could help the economy heat up and keep higher inflation in gold.
Gold was in serious jeopardy last week, until 855 entered the region. If the current uptrend continues until the end of the week, in the face of a possible uptrend and an unpleasant turmoil in the dollar, the longer uptrend in gold will have to prove itself again.
Now the price of an ounce of cash gold increased by $ 5 or more than 0.2 percent to $ 1835.
Crude oil prices
Crude oil prices just want a higher trend. European crude fell 0.8 percent in December to 483.4 million barrels. If global crude stockpiles continue to decline, oil prices must rise.
The US Institute of Energy’s short-term outlook shows that a stable level to overcome the coronavirus will continue to affect demand outlook for the rest of the year, but that optimism will push for an even stronger payback in 2022, dropping 180,000 barrels. Has so far experienced an increase of 5.38 million barrels compared to the previous year. The global demand outlook for 2022 is projected to grow by 190,000 barrels per year. The institute targets Brent crude at an average of $ 55 a barrel in 2022, the most cautious forecast given Korna uncertainty for the first half of the year.
What about the price of bitcoin?
Both WTI and Brent crude oil seem to be using this high wave, but it seems that a new catalyst is needed to get the oil price from here. At present, the price of a barrel of West Texas Intermediate crude oil has increased by 0.40%. It reached $ 58.33.