Bitcoin is the most popular decentralized currency in the world at the moment and as far January 2021. Bitcoin began in 2009 as a digital currency and has grown over the years in value, most especially during the first quarter of 2020. As of this time last year, it was worth about $8,500 (USD) per coin, and after making a total of about 383.4% rise in value, it has made its $40,000 mark. Bitcoin is booming. It is currently the 5th largest currency globally, surpassing the Pound Sterling (GBP); it has also overtaken the Tesla market capital. The question everyone is asking is, "All of a sudden, why the surge?". Apart from Bitcoin being considered the safest digital asset and the hope individuals have in its value rise, the first wave of the COVID-19 pandemic was in its favor as the worldwide lockdowns and closing of jobs increased investment and trade in the crypto market more than before. Bitcoin is known as the Bull Market Territory in the crypto world. It is always on the rise in as much as it frequently fluctuates.
The possibility of Bitcoin reaching $100,000(USD) in 2021 is quite high, especially from the look of things. As at the beginning of December 2020, it was worth about $6,000(USD) per coin, its value appreciated to $20,000(USD) before the end of the month, and just barely 10 days into 2021, it has increased in value by over a 100%. It is currently 40% into a $100,000(USD), so definitely, at this pace reaching $100,000 to $150,000 is possible by the end of 2021.
At this rate, investing in Bitcoin now is not too late. There's still a large percentage of individuals that have not invested yet, and the market is still appreciating. This might just even be the beginning of the bull run.
Bitcoin is not the only cryptocurrency making waves at the moment. Ethereum is the underdog in the crypto market, and it is on the run to reach $2,000(USD) on the crypto market. Ethereum is currently $1,200(USD), and analysts say it may replicate the Bitcoin 2016 run at this rate, especially after increasing 30% in value in less than a week at the beginning of 2021. There's also a high possibility of getting to $5,000USD per coin by the end of 2021.
