Thread: Anyone watching BTC!?

I, myself just recently got back into it and from EVERYTHING that I have read the spike this time is unlike that of 2018 where as investors aren't still unsure if its a fad or not. Big names like microstrategy and others have been buying it up faster than it can be mined. Elon Musk (Tesla CEO) wants to buy in at the billions mark. Paypal- PAYPAL, Even jumped on board and is offering this for sale and use on its platform. Many other investment firms ( Square, Citibank, Fidelity Investments) are warming up to it as a hedge against inflation as wellif they aren't on board already!! The long term holders are showing up and greatly outweigh the short term traders very much the opposite of what happened a few years ago. With governments printing money for which they do not have the gold in reserves to back up and the US dollar about to tank in worth ,inflate or go off line completely people are showing up in record numbers to get something in their portfolios that is still decentralized from any actual bank and has a finite amount to be in circulation.
To date roughly 18.7 million bitcoins have been mined with a total amount of 21.5 million ever to be available. When you combine that with an estimated amount of between 20%-35% already lost due to typographical errors and now corporate money flowing in bullishly and short term traders vanishing it is easy to see why projected forecasts for 2021 are not unrealistic. I have seen everything from a conservative $50,000 to $318,000 by the end of 2021! Looking back to 2011 where you could have bought in at $0.0008- $0.08 per btc you can see we've come a long way. As far as skeptics go- they too are starting to warm up to the digital currency as well.

My take is that if you have any money at all to play with I would open up a coinbase account and invest it in BTC. Go to coinbase.com

References:

Watch out for this risk as bitcoin looks toward $50,000 and higher in 2021 - analysts | Kitco News

5 crucial bitcoin predictions for 2021, from a fintech expert

https://capital.com/bitcoin-price-pr...021-and-beyond

1 billion according to Bloomberg business!

@ max If you invested 10k earlier this year you could have made roughly 50k by now as it hovers at 29k per BTC

Over 32k today!