For the first time, the global cryptocurrency market has hit the $3 trillion mark. The values of Bitcoin and Ethereum have reached an all-time high. The value for Bitcoin has reached $68,641.57 and Ether has reached $4,857.25 on Tuesday.
Bitcoin May Reach $100,000 Mark By 2021 End
Shivam Thakral, CEO of BuyUCoin said that the growth of cryoto assets across the globe have testified to the fact that the number of investors joining the crypto revolution and is growing exponentially. He said that they are witnessing a massive surge in trade volumes on the exchange and crypto and has become the first choice of the investors to beat inflation.
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He said that they are optimistic that the Bitcoin will keep reachin new high times and hit the $100,000 mark by the end of this year. Further added that the world is witnessing the biggest financial revolution in modern history which would forever change the way monetary transactions are executed.
Most Investors Should Consider Bitcoin As A Diversified Portfolio
In a statement, Nigen Green, CEO and the founder of deVere group which has $12 billion under management, Bitcoin is undeniably a mainstreet asset class and most investors should consider including crypto assets as part of a diversified portfolio.
He further said that in July, they publicly predicted that Bitcoin would reach and most likely beat its previous all-time highs. He said that he is confident that while there might be some profit taking in the short term. All the investors can accumulate more later and with the current momentum everyone can expect prices to continue to move upwards.
Currently, the Indian cryptocurrency market is expected to react up to $241 million by 2030 and $2.3 billion by 2026 across the world.
