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Bitcoin To Become World Most Financial Valuable; Surpassing Gold And Diamond
The world-leading cryptocurrency, Bitcoins will become the highest financial valuable than gold and diamond, Bitcoin would reach $115 212 by August 2021.
Brandnewsday reports that the successful crypto fund manager, Dan Morehead, Founder and CEO of Pantera Capital made this shocking revelation that Bitcoins would soar to $115 212 by next year August.
Morehead disclosed that history might repeat itself and Bitcoin will reach the said amount ($115 212) by next year August.
According to the founder of Pantera Capital, “If history were to repeat itself, Bitcoin would peak in August 2021 at $115 212.”
Meanwhile, the forecast if coming to reality would place Bitcoin as the most financially invaluable asset to mankind; excelling gold and diamond.
In a similar vein, Marydave.ng had revealed that Bitcoin had slumped about 10%. This was made known in a data rolled out by Coinmarketcap; stating that the foremost cryptocurrency plunge was the highest one-day loss since March 12, 2020.
Consequently, it has lost about 13% from Friday’s trading price at above $10,000 and traded at $8,705 earlier on Monday.
About Bitcoin Price Prediction:
The bearish fall pushed Bitcoin’s market capitalization value down to $159.95 billion. At its highest point, Bitcoin’s market capitalization value was $241.2 billion. Bitcoin traded in a price range of between $8,850 and $9,570 in the last 24 hours at the time of writing this report.
According to Coinmarketcap, the volume of coins traded in the last 24 hours was valued at $49.7 billion; making Bitcoin having a rise more than 5% in value, since the last seven days.
Reemphasizing on the value of the cryptocurrency, Morehead state that “one of our principal arguments for bitcoin in a portfolio is that it has had a 209% 9-year compound annual growth rate with essentially zero long-term correlation to stocks, bonds, oil, and other asset classes.
“From a Portfolio Theory perspective: If you can find something that goes up in the biggest crisis in a century, you should have some of that in your portfolio.”
