Bitcoin is primed for another “price explosion” that could see the cryptocurrency’s value soar to even greater levels than it experienced in 2017, according to analysts.
“I’m not surprised to see bitcoin’s price exceed $9,000 this week,” Rodrigo Marques, CEO of investment platform Atlas Quantum, told The Independent. “Rumours of a price explosion seem to have been driven by more and more institutional buyers getting into cryptocurrencies.”
The positive price forecast is in part informed by market activity that has seen a large increase in buy orders for the world’s most valuable cryptocurrency. As noted by Cryptoslate, buy orders compose over 92 per cent of market activity for the first time since March 2017.
At that time, bitcoin was worth just over $1,000 but quickly began to gain value, eventually reaching close to $20,000 by the end of the year.
“With so many buy orders placing pressure on the cryptocurrency market, a significant price shift is highly likely,” the cryptocurrency website states, adding that a massive price surge is “inevitable.”
“Although there are ongoing regulatory concerns in key markets, they do seem to be dissipating,” Mr Marques said. “If these concerns are addressed and there is even more positive movement related to regulation in these markets, there could be even more buying pressure to come.”
Having passed the $9,000 price point, other analysts are confident that the crossing of the next psychological barrier of $10,000 will continue to boost bitcoin’s momentum and could trigger what is known as a bull phase in the market, whereby optimistic investors drive up the value.
1 万ドル (約 108 万円) のハードルを越えるとさらなる上昇が見込めると予想されています。あくまで予想なので必ず当たるとは限りません。勢い余って全財産を突っ込んだりしないようにご注意ください。