Bitcoin is no stranger to ups and downs and recently has been gaining value at an exponential pace. The poster boy for cryptocurrency has been on a bull run after it hit the bear market a few months ago.
The botched rollout of the coin as the legal tender in El Salvador and the technical glitch may have caused some concern, but the currency is gaining momentum again.
Valued at above $50k right now, the coin has been showing strong indicators of growth even before the rise began. With central banks and many financial institutes warming up to the idea of a Decentralized Finance system, it was no surprise that the BTC is now trending.
The battle between SEC and Coinbase has ended, which now lets users lend their digital assets to accrue interest. The new features were highly debated, but SEC later gave the green light. With major financial bodies now not rallying against crypto and DeFi, it is only time before it was widely accepted.
Many crypto whales have also bought the coin in recent times, which means that there is a chance that the coin is going to go up in value. Not only that, many experts have suggested that the coin is going to hit an all-time high in late 2021 or early 2022. They expect the price to go up to $100k, and these are just conservative estimates.
Some experts have suggested that the coin will go up even more in value and be one of the best investments of the century. Right now is the best time to get into the crypto market.