Title: Analysts Forecast Bitcoin to Hit $100k in 2021, is this a Good Time to Start Buying?
Headings: Analysts Forecast Bitcoin to Hit $100k in 2021, But is This Really a Good Time to Start Buying?
Analysts Forecast Bitcoin to Hit $100k in 2021, But is This Really a Good Time to Start Buying?
Analysts forecast bullish run for Bitcoin in 2021
BTC accounts for about two-thirds of the cryptocurrency market value, which is now beyond $1 trillion
Top 5 Interesting facts about Bitcoin Which Many People Might not Know
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Is it too Late to Start Buying?
The price index provides the average price across the leading global exchanges.
Bitcoin Price history
2016 yuan devaluation
Bitcoin Halving
Regulatory Impact
Bitcoin’s wild rally
Investors fear of missing out
In Conclusion
Here are the Top 5 Exchanges to Buy and Sell Bitcoin and Other Cryptos in Africa
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Content: Suggested read: How BTC Price Could be Affected by Facebook Libra’s Proposed Launch
Regulatory Impact
The threat of governments regulating BTC has been a major factor affecting investor trust in the cryptocurrency. In some cases, regulation has caused a significant drop in the price of Bitcoin. For example, in 2017 when the People’s Bank of China tightened its oversight of the country’s then-dominant Bitcoin exchanges, the volume of transactions dropped significantly. Similarly, the U.S. Securities and Exchange Commission (SEC) rejection of the launch of a Bitcoin exchange-traded fund caused the market to drop by nearly 30% that day. Credit: Cryptocompare
Recently, the Financial Crimes Enforcement Network proposed new regulations to make it much easier for the government to track Bitcoin transactions. However, despite all the regulatory rumblings, the cryptocurrency’s price largely continues its upward trajectory. In retrospect not all the regulation against BTC has been negative. Central banks in Russia, China and the EU are now embracing cryptocurrencies.