Bitcoin Nearing $50,000 Mark

Bitcoin price movement on Thursday morning in Asia looks more optimistic as BTC moves towards the $50,000 mark, currently standing at $49,014.83.

Earlier in the year, cryptocurrency experts had predicted that the bitcoin price could reach $100,000 by 2022.

For this year, the chance of the bitcoin price reaching the $100,000 mark seems to be getting slimmer, especially since the world’s most valuable cryptocurrencies are declining and the price has fallen below $50,000 again.

This caused many experts to back away from the old predictions that the bitcoin price will reach $100,000 this year. Nevertheless, they believe that the predicted movement will come true next year.

Mick McGon, senior commodity strategist at Bloomberg Research, comments, “Next year will be the year of bitcoin and gold. Prices will reach $100,000 and $2,000 respectively due to deflation.”

The Spot Market is Open

Thursday, December 16, 2021

Crypto
Updated at
USD
Price

Change

%Change
10.55 BTC48,839.15+1,174.07+2.46
10.55 ETH4,018.32+200.06+5.24
10.55 LTC153.13+5.47+3.70
10.55 BNB533.72+14.19+2.73
10.55 XRP0.83+0.03+3.49
10.55 ADA1.30+0.07+5.27
10.55 DOT26.90+1.31+5.12
10.55DOGE0.18+0.01+3.08
10.55 UNI15.17+0.52+3.55
10.55 LINK19.89+1.85+10.25

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