Bitcoins future price

Mike Novogratz, founder of financial services company Galaxy Digital, believes that Bitcoin could hit between $50,000 to $60,000 by the end of 2021, also citing fears of quantitative easing and a lack of trust in governments and central banks. Festival Foodies The crypto market is known to be highly volatile, predicting future price points of Bitcoin is a difficult task and many other factors influence the price. As a result, the predictions on our website should not be taken as financial advice and you should do your own research. Consult your financial advisor before making any investment decisions.

However, that's not even the highest return you could have made from the Rs 50,000 investment in Bitcoin. The cryptocurrency touched its highest value in April 2021, with price skyrocketing to Rs 48,74,119 at one point. How much money would you have made if you sold Bitcoin at this point? Your 0.0745 Bitcoin — purchased for Rs 50,000 — would have been worth Rs 3.63 lakh at its peak. When you subtract the sum you had invested to buy this Bitcoin, you could have gained over Rs 3 lakh. That amount of profit in nine months is just mind-boggling! Bitcoin Price Prediction 2040 So how to invest in Bitcoin? Once again, investing an amount you’ll feel emotionally detached from is essential, whether your assets go up or down. It will make you a solid investor that will lose less money when the market goes down, and profit more when it goes up.