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How bullish will BTC in 2021 be?

Published by Aeon Flux on April 6, 2021
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The Bitcoin bulls are far from exhausted. But even those who have not yet invested in Bitcoin can still score.True to the motto “don’t put all your eggs in the same basket”, the Easter Bunny is a real financial genius who has mastered the art of diversification. Bitcoin shouldn’t be neglected when it comes to portfolio allocation. A look at historical data shows how well BTC is suitable for adding to a portfolio. If you look at the average return on various asset classes over the last ten years, it becomes clear: Bitcoin is a super asset.In the period from 2011 to 2021, BTC brought an exorbitant 17,787,868 percent profit. Admittedly, if your name is not exactly Trace Mayer or Max Keizer, you might have missed this moon return. Of course, that is no reason to ignore digital gold. Because, as the graphic above shows, you can still expect returns of over 200 percent annually from Bitcoin.A look at the halving cycles also suggests bullish tones. If one compares the linear price growth of the last few cycles with the current one, one has to come to the conclusion that this is far from the end of the flagpole.We generally recommend the logarithmic chart view. Sometimes the linear representation brings things into perspective quite well. From this point of view, a price growth beyond the 300,000 US dollar does not seem to be ruled out in 2021.The bullishness of Dan Held, a bitcoinist from the very beginning and growth strategist at the Kraken bitcoin exchange, knows no bounds. He thinks a Bitcoin rate of one million US dollars is “ possible “ by the end of the year. And no, that wasn’t a belated April Fool’s joke. Well then, cheers the bull market.But how much BTC is enough? There is…

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