Is Bitcoin in a Dangerous Bubble?
Bitcoin, as predicted by many analysts, is showing active growth and has already broken its own record, set by it in April this year. Now his record is 66 974 or almost 67 thousand dollars.
In April of this year, after the rapid growth of bitcoin, its value reached 64 thousand dollars. Subsequently, for a number of reasons, the main cryptocurrency began to rapidly lose in value and during the summer the value of bitcoin even dropped under 30 thousand a couple of times.
Then many skeptics started talking about the end of the Bitcoin era, and that it is like a bloated soap bubble that is about to burst.
However, having gone through not the best period of its history over the summer of 2021, bitcoin, at the end of September, again confidently began to grow. And now I have come close to a new height - 67 thousand dollars.
True, during the day on October 21, he again gave up some positions, dropping to 63 thousand, but there is nothing dangerous in this. After all, cryptocurrency is an extremely volatile instrument.
By the way, Elon Musk again undertook to promote bitcoin and other cryptocurrencies. On his Twitter account, he published a forecast for the cost of Bitcoin and Ethereum. According to his forecast, Bitcoin in the near future will rise to 69 thousand, and Ethereum to 4.2 thousand dollars.