There's no doubt that Bitcoin is at the top of the list of amazing events of 2020. Let's keep in mind that 2020 started with a BTC of $7,236, which now stands at $28,265. Exponential growth!
However, this year's Bitcoin rally wasn't a straight line, there were several declines that once again put many crypto investors in doubt.
In fact, after Black Thursday, many condemned Bitcoin after it failed to deliver on its promise to be stronger than traditional markets. However, the leading crypto proved its potential and attracted multiple institutional investors who now make up a substantial part of the market.
Now that we know what happened, we ask ourselves: What does 2021 hold for Bitcoin? As always, there are multiple opinions in the crypto community: some think that crypto leader will reach six figures while others see the end of Bitcoin due to regulatory obstacles.
For example, Tom Fitzpatrick, an analyst at Citibank, said Bitcoin could skyrocket to $318,000 by December 2021. Also, Mike McGlone, an analyst at Bloomberg, said Bitcoin is poised to continue its rebound through 2021 and potentially see a price resistance of $50,000.
According to CNBC, the crucial trends for Bitcoin in 2021 are Increased general acceptance, increased competition from Big Tech, increased competition from central banks, a new regulatory field and, of course, volatility will continue.
However, not everyone can be optimistic. Nouriel Roubini, argues that the leading crypto will collapse as a result of future regulation.
