Bitcoin May Hit $100,000-Mark By End Of 2021
By MYBRANDBOOK
The total market value of cryptocurrencies rose above $2 trillion mark last month with the Bitcoin continued to climb as the virtual asset gains wider acceptance globally. As per CoinMarketCap to say the current global crypto market cap is $2.29 trillion, up 0.04% from the previous day.
The rapid growth in the value of cryptos is seen as an indication of their wider acceptance globally by a range of investors.
Shivam Thakral, Chief Executive Officer (CEO), BuyUcoin says, Crypto assets are moving towards becoming mainstream with many brands around the world accepting cryptocurrency as a form of payment. The current bull run is expected to continue and we are highly optimistic that bitcoin will hit the $100,000 mark by the end of this year.
The surge in the crypto market cap indicates wider acceptance of crypto assets across the globe. The world's oldest cryptocurrency, Bitcoin has witnessed a fantastic rally recently and the latest ethereum upgrade, also known as London Hard Fork, has boosted the ether price,'' says Thakral.
Thakral further said, The current Bitcoin rally was much expected as we saw massive buying from retail and institutional investors during the July price dip. Bitcoin has emerged as the most resilient and lucrative asset class in modern human history and we are optimistic that crypto will become the first choice of investors who are looking to create long-term wealth and beat inflation.
A game-changing financial services giant, comes ahead of Tuesday’s adoption of the cryptocurrency as national currency alongside the U.S. dollar in the small Central American country.
Currently, outside of the U.S. and its territories, there are seven other sovereign nations that use the U.S. dollar.
Bitcoin operates on a global scale and is, as such, largely impacted by wider, global economic changes.
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