100,000 USD this year?

Bitcoin (BTC) has reached the $ 50,000 and a new all-time high. A rate of US $ 100,000 even Bitcoin critic Peter Schiff is no longer closes now. The Market Update.

After the price of Bitcoin on may 16. February, for the first time, exceeded the threshold of US $ 50,000 (USD), it was subsequently to profit-taking. Now, BTC has conquered the psychologically important mark once again – and in the case of 50.900 USD a new course record.

Bitcoin rate in the 24-hours-a comparison. Source: BTC-ECHO

Poll: Bitcoin-scepticism prevails in the case of companies

Since then, the US-based company, Microstrategy announced in the late summer of 2020, Bitcoin Coup, accumulates the number of imitators. Especially Elon Musks decision, a part of the Tesla Reserve in BTC invest, had awarded the Bitcoin exchange rate last fresh boost. Microstrategy self on 16. February again, new Bitcoin purchases announced, as well as BTC-ECHO reported.

Nevertheless, managers seems to be the most Financial to predominate in the economy of the Bitcoin skepticism still. As a recently published Survey the market research company’s Gartner, can think of only 5 percent of the CFOs surveyed, to invest with your company, 2021 in BTC. Among the 77 respondents, financial managers (including 50 CFOs) called 84 percent of the large fluctuations in the price of Bitcoin as the biggest obstacle, of an Investment in the digital Gold back in horror.

Eighty-four percent of the respondents stated that the volatility of Bitcoin represents a financial risk. It would be extremely difficult to get the kind of price volatility, which has seen the crypto-currency in the last five years, to mitigate.

Alexander Bant, Chief of Research at Gartner, Finance

Also, the slow adaptation of Bitcoin as means of payment complain about 38 percent of the respondents.

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After all, 16 percent plan to hold a day BTC. Five percent want to start 2021 in Bitcoin. For the period 2022-2023 only one percent has such intentions. Nine per cent did not consider a BTC Investment before 2024.

Here, companies from the technology sector bullish especially. Here, every second company is planning a Bitcoin Investment. Against the Background of that with Microstrategy, Square, and Tesla, especially technology companies have discovered BTC as a Reserve Asset for this is inconclusive.

Bitcoin rally brought record profits

The overwhelming majority of them do with Bitcoin currently a good deal. The average net profit in BTC transactions will move to a level that makes even the Bull Run from the end of 2017 fade. The display data of the Blockchain analysis service provider Glassnode.

Net profit and loss of BTC units. Source: Glassnode

The metric “Net Realized Profit / Loss” indicates the profit or loss of all Coins, which are moved from time to time. The largest net profit was there at 7. January, the first time the brand of 40,000 USD had broken.

BTC: at the end of 2021 at $ 100,000?

Even though many companies are still skeptical, speaks of the balance sheet date have clearly been for BTC. In particular, the Stock-to-Flow (S2F) has proven to be a useful model for the classification of the Bitcoin exchange rate. The Stock-to-Flow model for the Flow of BTC in relation to his creation amount over a certain period of time. The crypto Analyst PlanB has worked a connection between the four-year halving the creation rate (Bitcoin Halving) and the long-term course development.

Stock-to-flow model of Plan B. source: Digitalik.net

According to this model, the rate would have to rise in 2021 to more than 100,000 US dollars. That he can succeed, grants, in the meantime, the self-declared Bitcoin-opponent Peter Schiff:

Now that #Bitcoin $50,000 has reached, I have to admit, that a movement can not be ruled out for up to $100,000. However, a movement can not be ruled out down to zero also.

However, the ship does not believe that the price of Bitcoin can remain permanently in the six-digit range. The Gold is Fan of his Twitter followers, therefore, an Investment in Bitcoins analog counterpart close:

While a transient increase in $100,000 is possible, is a permanent reduction to Zero inevitable. If you do not want to gamble, buy #Gold,

It is not the first Time that ship prophesied the downfall of BTC and it will not be the first Time that he is wrong.

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