• Podcast What can we expect now from bitcoin?

The

bitcoin

advances to record per day.

What is new is not so much the record itself, but how long it will take to complete the next goal.

For now, the closest is

$ 40,000,

which is already approaching after yesterday was around 38,500.

It rose more than 12% on the day.

After a 2020 in which bitcoin has presented its cards to be considered an investment asset, the challenge of 2021 will be to consolidate itself as such.

Although not all firms consider it a reliable alternative, more and more investors are joining the fever for this digital asset.

Only last year it appreciated more than 300% in the heat of the uncertainty due to the coronavirus crisis, the abundant liquidity available in the markets and the low yields that the rest of traditional assets yielded.

Many individuals have joined the

bitcoin

boom

in recent months

, but what has truly made the difference has been the arrival of the institutional ones.

"We are seeing how this cryptocurrency has begun to be part of the recommended diversification strategy for institutional investors and investment banks, something that underlines the importance of this asset in the investment world," says

Eric Demuth,

co-founder and CEO of

Bitpanda

, a European investment neobroker firm.

The shadow of speculation and volatility will linger around the cryptocurrency, but none of those factors deter investors increasingly willing to add exposure.

"The demand for alternative assets is increasing and institutions around the world are seeing bitcoin as a growth asset and as a way to protect themselves against the great fear of 2021: inflation," explains

Simon Peters

, analyst at the platform. investment in multi-asset

eToro

.

Prospects indicate that the situation will continue to be similar in the coming months, hence the forecasts of analysts like Peters are optimistic for those who decide to bet on bitcoin.

"The financial generosity we have seen from central banks and governments has eroded the value of traditional assets like cash and bonds. This shows no signs of abating, so the momentum behind bitcoin is unlikely to fade. in the near future".

Some analysis firms had set the level to beat at $ 50,000 in the next two months, although there are others that go much further.

The bank

JP Morgan

, who in 2017 branded the bitcoin as a fraud, has radically changed position and now estimates that cryptocurrency could reach $ 146,000 in the long term as the currency digital replaces gold as a

safe haven.

But the bitcoin rush doesn't just affect him.

The interest in getting the most out of virtual currencies has spread to many other cryptocurrencies.

Just one day after bitcoin surpassed $ 34,000 for the first time in its history, Ether posted gains of up to 43%.

Currently around 1,200

greenbacks

.

"At a time of uncertainty like the current one, we can only confirm that the

cryptocurrency rally

shows no signs of weakness and other currencies are following the uptrend. The main financial players are strengthening their portfolios for 2021 and seeking protection against a scenario of low long-term interest rates and a rebound in inflation due to the monetary injection from the ECB ", says

Alejandro Zala,

country manager

of Bitpanda in Spain.

According to the criteria of The Trust Project

Know more

  • Bitcoin

The main shareholder of Prisa removes Javier Monzón from the presidency with the support of Telefónica

EmpresasOliu will leave his executive duties at Banco Sabadell with the arrival of González Bueno as the new CEO

CrisisThe bank puts pressure on Moncloa to manage the distribution of European funds

See links of interest

  • Coronavirus Spain

  • US Capitol Assault

  • Check Loteria Niño 2021

  • Yeclano Deportivo - Valencia CF

  • Pontevedra CF - Cádiz

  • SCR Peña Deportiva - Sabadell

  • Amorebieta - Sporting de Gijón

  • Castellón - Tenerife