Bitcoin exchange rate (BTC) durbricht the 29.000 USD brand

The price of Bitcoin (BTC) knows during the holidays in only one direction: North. While the stock indices such as the DAX can pause from its recent all-time high achieved, has Bitcoin on the Morning of the 31. December set a new record high. So could be reached in the top of a course of 29.286 US Dollar. Only around 2.5 percent, we were located in the top of the magic $ 30,000 mark. Accordingly, the question of whether we will Wake up in the new year with a 3 at the first position from the Bitcoin price ensures.

Usually, it is the turn of the year due to the exchange and public holidays, closing rather quiet on the stock exchanges. For the Bitcoin course, this does not apply, however. Not only the crypto-market is open 365 days 24/7, the investors seem to know no contemplative holidays. The upward trend is encouraging more and more investors who have not dared so far to invest in Bitcoin to change their opinion.

Even if the up led trend primary of the new crypto-investors group, the institutional investors, to generate this, in turn, Confidence in other groups of investors. That now insurance companies and the Nasdaq-invest in companies in Bitcoin, will reduce the reservations on the part of private investors. Now that the so-called Smart Money the market entert, draw yet critical investor confidence in the asset class crypto.

The Bitcoin price has seen multiple drivers

Also positive, the factors of scarcity, the impact of Bitcoin and Oversupply in the case of Fiat money. Due to the high demand, it will acquire increasingly difficult Bitcoin stock exchanges. Due to the fact that institutional investors Bitcoin accumulate, they will be deprived of the long-term investment horizon the market, so that the available supply continues to decline. It is a result of the rights of a liquidity crisis that drives the rates up.

At the same time, increases more and more Amount of moneynot find yet the way to the real economy. Instead, it remains in the financial sector, where it is hoarded. This favors not only the prices of assets, see DAX all-time high, but also increases the inflation probability. More and more market participants, the velocity of Money is expected to Attract in the summer, higher rates of inflation. With the termination of the lock downs, the filled money threaten to open up daycares for the real economy. The purchasing power loss would take up even more momentum.

It is a risk to have no Bitcoin

The scarcity of Bitcoin is as an anti-inflationary protection shield on the top of the list of more and more investors. In particular, those who are Worried about the money value stability, grip in addition to Gold, also more and more often to the Bitcoin. Since state bonds, and in particular the European yield no positive interest, is of the essence of the Investment crisis, more and more money in property values. Not only on its tends to be low correlation to other Assets, but due to its scarcity, it will, in the meantime, also by professional investors as a risk is seen to have no Bitcoin in their Portfolio.

Certainly, the market has run very hot, and a consolidation would be justified at any time. Nevertheless, the above Narrative about the Bitcoin-floats rate in 2021. Is that supposed to mean: Even if the Bitcoin yields to price changes by 20 or 30 percent, are ready enough investors, such as hedge funds, insurers, Family Offices and, not least, private investors, to buy or to join. If we don’t see already in the next few days to break the $ 30,000 mark, so the odds are still bad that we have this brand in the course of the year 2021 to break through.

What Trends are expected in the 2021 to Bitcoin and other phenomena in the crypto sector, is betrayed in the video comment.

We are BTC-ECHO, say goodbye to that once again for this year and the exciting crypto-2021 look forward together with you to deny.