Bitcoin has been on a tear lately. The cryptocurrency is up more than 400% since March, and it’s showing no signs of slowing down.

Investors are betting that the digital coin will continue to rise in value as more businesses start to accept it and as central banks around the world print more money to stimulate economies hit hard by the coronavirus pandemic.

The price of bitcoin could hit $100,000 in 2021, says an analyst who correctly predicted the cryptocurrency’s surge in 2017.

In an interview with Bloomberg TV on Tuesday, Ronnie Moas said he expects bitcoin to benefit from the same forces that have driven up the prices of other assets this year, such as stocks and gold.

“I look at bitcoin the same way I look at Amazon and Tesla — it’s a momentum play,” said Moas, founder of research firm Standpoint Research. “When an asset starts going up this fast, it usually continues for another year or two.

So I’m putting a Target of $50,000 on bitcoin for 2021. And there’s a good chance it could reach $100,000 by the end of 2021.”.

Moas has been bullish on bitcoin for years. In July 2017, he predicted the cryptocurrency would hit $5,000 by 2018 — which it did — and said it could eventually be worth as much as $400,000 per coin.

Bitcoin peaked near $20,000 in December 2017 before plunging below $3,000 a year later. It bottomed around $3,800 in December 2018 and has since rebounded sharply.

The digital coin has rallied more than 80% this year as investors have poured money into assets seen as benefiting from low interest rates and inflationary pressures stemming from massive stimulus programs around the world. Bitcoin topped $11,800 on Tuesday and is up more than 400% since March 13.

Gold is up about 26% this year while the S&P 500 index has gained about 50%.

While many mainstream investors remain skeptical of bitcoin, some major companies have started to embrace it. Square (SQ), for example, recently invested $50 million in bitcoin — about 1% of its total assets — and said it may buy more in the future.

PayPal (PYPL) also started allowing customers to buy and sell bitcoin earlier this year through its popular payment platform. And last week, insurance giant MassMutual bought $100 million worth of bitcoin as part of a new investment strategy focused on alternative assets.

The institutional buying has helped push bitcoin above its 200-day moving average for the first time since June 2019 — a bullish technical signal that suggests the digital coin’s long-term trend is now back to being up again after being stuck in a bear market for more than two years. The move above the 200-day moving average “is very significant technically and suggests we are in store for much higher prices over the next few months/years,” Moas said Tuesday.

It is clear that Ronnie Moas is confident that Bitcoin will continue to rise in value based on numerous fundamental indicators pointing towards mass adoption On top if this technical analysis points to Bitcoin continuing its upwards trend after breaking past key resistance levels.

When it comes to Bitcoin, there are plenty of naysayers out there. But there are also plenty of people who believe that Bitcoin will still be around in 10 years. So, will Bitcoin exist in 10 years?

There are a few things that could happen in the next 10 years that could impact Bitcoin’s existence. For one, governments could crack down on Bitcoin and make it illegal.

This would obviously have a negative impact on Bitcoin.

Another possibility is that another cryptocurrency could come along and overtake Bitcoin. This is definitely a possibility, as there are already many other cryptocurrencies out there.

However, it’s also possible that Bitcoin could remain the dominant cryptocurrency.

Ultimately, it’s impossible to say for sure what will happen with Bitcoin in the next 10 years. There are simply too many variables at play.

However, there’s a good chance that Bitcoin will still be around in some form or another in 10 years time.

As of April 2017, Bitcoin mining is banned in China. The reason for this ban is because the Chinese government views Bitcoin as a threat to their own currency, the Renminbi.

The Chinese government has been cracking down on Bitcoin exchanges and miners in an attempt to control the currency.

The Chinese government is worried that Bitcoin will destabilize their economy. They view Bitcoin as a way for people to get around their strict currency controls.

The government also believes that Bitcoin could be used to finance illegal activities.

Bitcoin mining is energy intensive and uses a lot of electricity. The Chinese government is also concerned about the environmental impact of Bitcoin mining.

They believe that it is not sustainable in the long term.

The Chinese government has cracked down on Bitcoin exchanges and miners in an attempt to control the currency. However, there are still many people in China who mine Bitcoin.

The ban has made it more difficult for miners to operate, but it has not stopped them completely.

Bitcoin is dropping right now because the market is oversold, and investors are taking profits after a strong rally. The cryptocurrency has been on a tear recently, gaining over 20% in the last week alone.

However, the rally appears to have run out of steam and prices are now falling. This is likely due to profit-taking by investors who are worried that the market may be due for a correction.

While the reasons for the current drop are unclear, it could be due to a number of factors including:

– The Chinese government cracking down on cryptocurrency exchanges
– A sell-off by big investors who are worried about a potential bubble
– Profit-taking after such a strong rally

Whatever the reason, it’s important to remember that the cryptocurrency market is highly volatile and prices can move up or down very quickly. If you’re thinking of investing in Bitcoin, it’s important to do your research and only invest what you can afford to lose.

Bitcoin ATMs are machines that allow you to insert cash and receive bitcoins in return. Some Bitcoin ATMs also allow you to sell your bitcoins for cash. While most traditional ATMs charge fees for both buying and selling, Bitcoin ATMs typically charge high fees—sometimes up to 10%—for buying bitcoins.

The reason for this is because Bitcoin ATMs are still relatively new, and therefore there is not a lot of competition among providers. In addition, the fees charged by Bitcoin ATMs help to cover the costs of operating and maintaining the machines.

As the use of Bitcoin ATMs grows, it is likely that the fees will decrease. In fact, some providers have already begun to offer lower-fee options.

For example, CoinFlip charges a 5% fee for buying bitcoins, while BitAccess charges a 4% fee. So, if you’re looking to get the best deal on a Bitcoin ATM transaction, it’s important to shop around and compare fees before making a purchase.

While high fees may be one downside of using a Bitcoin ATM, there are also several advantages. First, Bitcoin ATMs offer a convenient way to buy bitcoins without having to meet someone in person or go through an online exchange.

Second, they provide an easy way to get cash for your bitcoins if you need it. Finally, Bitcoin ATMs are typically located in easily accessible areas like convenience stores and gas stations—so you can always find one when you need it.