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février 19, 2021The price of no other assets in the world has increased as fast as that of Bitcoin (BTC). From USD10,764 in September 2020 to 48,840 on February 17, 2021 — its value quadrupled in just 5 months. If you are a crypto investor or one who is planning to do so, the statistical presentation of the value of Bitcoin over the period October 2013-February 17, 2021 might interest you.Here are grounds that bitcoin could double your money in 2021.#1. Growing adoption of bitcoinFrom crypto exchanges to investors — bitcoin is the favourite of everyone. Almost every exchange from big to small, from popular to the least-known ones are allowing traders to buy and sell BTC. Spot to derivatives — there is every choice as per the investment instrument is concerned. Likewise, BTC has attracted retail as well as institutional investors alike. The number of blockchain wallet users has grown exponentially from 46 million (Feb 2020) to 67 million (Feb 2021) over the past one year. A growing user base means an increase in demand, and when the demand increases, the price does. So, with this pace of growing users, there is a high chance of bitcoin witnessing new heights in 2021.Source#2. The attention of the biggest financial institutionsIs Bitcoin a good investment for 2021? Approval of big giants proves it right. From Tesla to MicroStrategy to Square, to Insurance giant MassMutual, and beyond — all are making headlines with their BTC investment.With retail and institutional investors both taking refuge in BTC, it has become one of the top-performing cryptocurrencies, followed by Cardano, Ethereum, Tezos, and Binance Coin. However, bitcoin is way ahead then all of them put together. The impact of big investors to the like of Elon Musk on BTC value isn’t hidden from anyone.SourceMere disclosure of the USD1.5-billion-dollar…
