Category: Virtueel geld

Expert makes 5 predictions about bitcoin in 2021

Bitcoin is once again getting a lot of attention. That is no coincidence, because the crypto coin breaks one record after another. But will bitcoin be able to sustain that upward movement in 2021? An expert makes some predictions.

At the time of this writing, 1 bitcoin is worth nearly $ 24,000. There does not seem to be an end to the rise of the crypto currency. Critics say a bubble is in the making, while believers believe the crypto coin could be worth $ 50,000 next year.

According to James Ledbetter, an author who specializes in crypto coins, it is difficult to predict which direction the currency will take in 2021. Nevertheless, he is venturing into a prediction about the future of the crypto currency.

The currency will remain highly volatile

According to Ledbetter, there is no doubt that the currency will also make a lot of leaps and bounds in 2021. The crypto coin is completely separate from a central policy. For example, a decision by the European Central Bank or Federal Reserve will have no direct impact on the price of the cryptocurrency. The price of the crypto currency is therefore very unpredictable.

Ledbetter emphasizes that an investment in crypto coins is not for investors looking for a safe alternative to their savings.

Broader support

Ledbetter expects that there will be broader support for bitcoin in 2021. After all, more and more companies seem to have an eye for the crypto currency. For example, Visa will launch a credit card next year with which you can save bitcoins. Crypto in Netherlands is popular.

Several companies have already preceded credit card companies. For example, American PayPal users have recently been able to buy and sell bitcoins.

The expert expects that the banks will also show interest in the crypto currency. He assumes that at least one major US or European bank will announce next year that it will offer a platform on which crypto coins can be traded or stored.

Competition from big tech

Digital banking has been on the rise for several years now. Fintechs are taking the lead in this. Several fintechs have also set foot in our country. Consider, for example, the credit cards from Revolut and N26. Fintechs generally offer competitive rates for transactions that are associated with a hefty price tag at traditional banks. Low exchange rates, for example, are one of the strengths of the Revolut and N26 credit cards.

Bitcoin therefore fits perfectly within the strategy of various fintechs. Thanks to crypto coins it is much easier and cheaper to pay internationally. Even Facebook sees a profit in a crypto coin. The social media giant is currently working on its own digital currency, called Diem. Previously, that coin was called Libra. “It is not a pure crypto currency, but it can still take a share of the bitcoin market,” said Ledbetter.

Competition from central banks

Central banks can also put bitcoin to the test. According to a report by the Bank for International Settlements, 80 percent of central banks are working on a digital currency, including the European Central Bank (ECB). Cryptocurrency in Portugal is popular.

China has even gone a step further and has started a pilot project with crypto coins in several major cities.

Regulation of crypto coins

Ledbetter does not rule out that certain countries, including the United States, would regulate crypto coins.

“After all, many investors forget that crypto coins are mainly popular with criminals and fraudsters. Such malpractices have not escaped the legislative powers, “it sounds.

Americans can now buy Tesla with bitcoin

Bitcoin owners can now buy a Tesla directly with the crypto coin. Elon Musk announced this on Twitter. For now, this is only possible for Americans, the rest of the world may follow later. Musk promises that the bitcoins will not be converted to fiat money.

Tesla bitcoins

It had been known for some time that Tesla wanted to accept bitcoins as a means of payment. Elon Musk’s company invested $1.5 billion in the coin in early February and then promised that it would “soon” become possible to pay with the coin. That is now possible, Musk writes on Twitter.

In two tweets, the businessman writes that Tesla uses internal and open source software for the bitcoin transactions and that they work directly with bitcoin nodes. Musk also promises that Tesla will keep bitcoin and not convert it to fiat money, such as dollars. Crypto rates has enough information. Tesla has created a button and page on the site for paying with bitcoins. It states that processing the bitcoin payment can take up to six hours. It also states that Tesla only accepts bitcoins and no other cryptocurrencies. If someone does send another currency, the brand warns that the sender may lose the money.


Tesla is the first automaker to allow bitcoin payments and one of the few major companies to accept cryptocurrencies as a means of payment. crypto rates has enough information. In the Netherlands, you can also pay with bitcoins at Zalando and Thuisbezorgd. Microsoft also allows bitcoin payments. Bitcoin’s value rose after Musk’s announcement.

Latest Ethereum Price and Analysis (ETH to USD)

Ethereum is currently trading at $2,300 after a massive rally that has seen the price rise 28.44% in the past week. The world’s second largest cryptocurrency is now testing the $2,600 resistance level after breaking above the daily 50 exponential moving average for the first time since June 7.

Much of it will also depend on whether Bitcoin can close a daily candle above the USD 40,400 level. This would confirm a bullish breakout on Bitcoin, which would result in a subsequent rally in the broader cryptocurrency market. Ripple XRP price has risen.

Aside from $2,600, the main upward target for Ethereum comes in at $2,892 as it has not been surpassed since its price drop on May 19. A step above that level would mean a major behavioral change, leading to two possible scenarios.


The first and most unlikely scenario is a return to a cryptocurrency bull market with new all-time highs ahead. There is certainly a potential of this, but it would take a major, groundbreaking news event to negate the lingering frothy sentiment.

The most likely situation would be a bull trap, just as Bitcoin had a bear trap below $30,000 last week. A bull trap is a market move that tempts even the most bearish macro traders into thinking that a bullish outcome is imminent. In this case, it would be if Ethererum breaks above $3,000 on convincing volume, which would capture high-leverage bullish traders before squeezing those positions with subsequent downward movement. This would effectively bolster a cryptocurrency bear market, with ultimate targets below $20,000. Shiba inu rate has risen.

About Ethereum

Ethereum was launched by Vitalik Buterin on July 30, 2015. He was a researcher and programmer who worked on Bitcoin Magazine and he initially wrote a white paper in 2013 describing Ethereum. Buterin had suggested that Bitcoin needed a scripting language. He decided to develop a new platform with a more general scripting language when he couldn’t agree to his proposal.