Bitcoin touches $33,500 and Shows No Signs of Slowing Down

Bitcoin touches $33,500 and Shows No Signs of Slowing Down

Bitcoin is trading at 33,341 United States dollars at the time of writing this article and it is anticipated that the cryptocurrency will jump over US$34,000 anytime in the next few hours. We initially anticipated the price jumping over the $20k barrier in December but nobody predicted the price to touch and go beyond US$34,000.

In the span of the last thirty days, Bitcoin’s price has surged high to the highest ever point in its history.

Is it, as Warren Buffett predicted three years ago, a bubble? What if it goes on and hit $100,000 in the near future? There are many questions and doubts about the future of Bitcoin.

It seems like, with this pace, Bitcoin could well hit US$100,000 by 2021. This is a huge task for regulators to battle out and keep the price in check. 

Is it, as Warren Buffett predicted three years ago, a bubble?

Many investors continue to believe that Bitcoin is irrelevant and in a bubble. Regardless of what people think for or against Bitcoin, there’s a clear difference in the pattern between 2017 and 2020.

Also See: There is Nothing that will Stop Bitcoin from Appreciating