Unlike fiat money, which can be unrestrictedly printed by central banks, Bitcoin is often marketed as an inflation hedge since its total supply is limited to 21 million coins only. Such a cap makes bitcoin less prone to inflation.
The first digital assets, aka cryptocurrencies, came into being back in 2009. At that time people had no idea at all how such kind of money would reshape the world we know nowadays.
Nowadays hardly anyone is unaware of cryptocurrencies. Little was known about Bitcoin when it came out, but today, people talk about it on TV, in the media, all over social networks. Bitcoin is the world’s largest crypto by market cap. Most probably you have a friend who dealt with Bitcoin mining or trading on crypto exchanges.
Bitcoin is one of the most lucrative assets over the course of decades. At first worth a few cents, it was able to hack its way to its all-time high of $66,000. It is currently traded at $40,000, but the first-ever crypto is predicted to skyrocket to nearly $100,000 by the end of the 2022. Future expectations for it are undoubtedly optimistic. Nevertheless, many people who are not familiar with the crypto industry still have questions: how safe such a valuable asset is? Crypto skeptics continue to hold that the industry is a bubble which will soon burst and become a fundamental mistake of this very century. So what is the first-ever crypto secured with and is it in danger of full depreciation?
In May 2021, we wrote an article on the cycles of the crypto market, in which we analyzed various periods in the digital asset market when the value of the main coin changed. Based on this article, we can say that the growth of BTC will continue and there are no factors suggesting otherwise. In this article, we will analyze whether the bitcoin price will reach the $100 000 mark by the end of 2021.