brytfmonline

Complete News World

Bitcoin may suffer the biggest drop in its history in the coming months

Bitcoin may suffer the biggest drop in its history in the coming months

Since the end of last year, cryptocurrencies have been gaining in value in a rampant fashion. This trend was particularly seen in the popular cryptocurrencies Bitcoin and Ethereum.

Currently, Bitcoin is equivalent to about 33 thousand euros. However, this is a highly volatile and unstable market, and some analysts believe that the cryptocurrency will suffer the biggest drop in its history in the coming months.

pub

The value of Bitcoin could suffer the biggest drop in the coming months

If it is currently the most valuable digital currency in the world, Bitcoin may be close to experiencing some painful moments. And this possibility may already be giving the first signs, as the cryptocurrency has shown repeated devaluations since the past weeks.

According to some analysts he interviewed, BloombergBitcoin is likely to experience the biggest drop in its history in the coming months. The experts, who work for investment funds Oanda Corp. and Evercore ISI and Tallbacken Capital Advisors LLC, that devaluation causes investors to abandon it.

It is estimated that if bitcoin reaches $30,000 (about 24,000 euros), there may be a loss of interest in the coin. If this happens, the cryptocurrency could drop to $20,000 (about 16 thousand euros) or less.

Investors fear potential currency regulations

According to the information, one of the biggest concerns for investors at the moment is Possible regulations Cryptocurrencies that may be approved in the US in the future. In this sense, the notion that digital currencies are a free market can be called into question by the intent of many governments.

At the same time, interest in Bitcons may be contingent on An increasing number of websites have banned cryptocurrency. In addition, also recently Elon Musk's statement This may affect the market. The CEO of Tesla stated that the brand will return to accepting Bitcoins as a form of payment, when this market will do mining practices using 50% clean energy,

On the other hand, there are optimistic and optimistic analysts about the increasing growth of this digital currency. at saviorFor example, there are already plans to use volcanoes for legal and sustainable bitcoin mining.

READ  The EMA analyzes rare cases of Guillain-BarrĂ© syndrome following vaccination with AstraZeneca