Money experts strongly believe that bitcoin can reach $400,000!

The currency of the future.

Perhaps the safest and most profitable investment.

According to Spanish international news agency EFE.- Bitcoin, the most widely used cryptocurrency globally, has broken its record several times in the past few days, exceeding $ 40,000.
Cryptography could reach $ 70,000 in the coming months and up to $ 400,000 in the long run, according to experts consulted by the agency EFE.

Diego Morín, an analyst at IG, believes that the cryptocurrency could reach $ 50,000 before March due to the high demand from institutional investors for bitcoins.
“The rise of cryptocurrency is due to the decision of large investment funds to introduce bitcoins in their portfolios and the incorporation of cryptocurrency in payment platforms, such as PayPal”, says Morín.

Javier Castro-Acuña, Bitnovo’s commercial manager, I find it difficult to predict Bitcoin’s appreciation in a given period, although he explains that, according to recognized entities in the world of finance, such as JP Morgan or Guggenheim Partners, the cryptocurrency can be worth between US $ 146,000 and $ 400,000 in the future.

Ramón Ferraz, CEO of 2gether, guarantees that JP Morgan predicted that Bitcoin would reach $ 146,000 in the long run “is not an exaggeration”

We see that the world leader in financial services and the third largest company in the world says that “it is not an exaggeration”. After all this information we see that a tolisse is not eta investing in that currency of the future.

However, other experts, such as Marc Sansó, CEO and founder of Elsebits and professor at EAE Business School, do not consider it possible to specify what the value of Bitcoin would be in the future.

For Sans, some reasons for the rise of Bitcoin in recent weeks are the excess liquidity of the market, the limited supply, the “summoning” effect generated by the media and the increase in the number of traders in the cryptocurrency market.
The EAE Business School professor believes that another cause of the rise in cryptocurrency is that investors are perceiving digital currency as a protective asset against inflation.
In addition, Ferraz is confident that the startup of the Ethereum 2.0 network will make cryptocurrency much more efficient, which will increase its use among investors.

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Post Written and created by Bruno Costa
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