In January 2021, America’s presidential administration changed hands. Donald Trump was replaced by Joe Biden, and the world as we knew it drew a collective breath to see what would happen.
Fortunately, there was little fanfare.
The inauguration went off without a hitch, and things went back to normal- as is often the case in America.
It’s still much too early to tell what will come of the stock market and economy as a whole now that a new president’s taken the reins, but we’ve got enough historical context to give us an idea of what to expect.
Here’s our take on why 2021 is the best year to invest in BTC.
Last year, the market bounced back from its initial plummet in less than 150 days.
It usually takes about two years for the market to bounce back from a deep dive. The fact that it took just a quarter of that time last year is a testament to Wall Street’s pretty optimistic outlook on the future. And, of course, if Wall Street is happy, we’ve got a lot to be happy about. In 2020, the value of BTC steadily rose, in spite of a pandemic the likes of which the world’s never seen. At the time of this writing, BTC is triple the value it was in January of 2020. It also just so happens to be as valuable as it’s ever been. The increase in value despite the pandemic indicates that BTC is becoming an even more popular option for investors and those looking to diversify when the market tanks. If BTC continues to increase in value and popularity as the market fluctuates more than it ever has, what do you think will happen when the market stabilizes and grows again? More stability means more opportunity, and BTC prices will likely surge even more with the disposable cash that flows into crypto.
Bitcoin continues to rise, and experts predict it could hit $50,000 soon.
There’s always an air of unpredictability when it comes to bitcoin (and any other financial commodity), but that doesn’t mean experts haven’t hit the nail on the head several times in predicting its trajectory. In fact, several experts recently went on record suggesting that BTC was ripe for a price above $30,000 entering 2021, and at the time of this writing, BTC is actually doing even better! The bitcoin market is fueled by consumer interest, and the coin is steadily gaining interest as more and more folks look to diversify their investments, get their share of the pie while there’s still some left, and save their money as the American dollar continues to fall. The saying goes– the right time to buy bitcoin is always yesterday. Investing now, before the price gets too high to afford, could be the best way to make sure you’ve got some BTC in the bank and can benefit as its value continues to climb.
The American dollar is getting weaker.
It’s no secret– with the last few years being more divisive than the decades previous, the American dollar has taken a hit. Thanks to coronavirus and civil unrest nationwide, the dollar dropped more than 6% in 2020– marking its lowest point since 2017. While this doesn’t spell out great news for an American economy backed by a dollar that thrives in an off-market, it means more and more savvy investors will turn to BTC and other cryptocurrencies as a way to safeguard their assets. Buying now could ensure you stay ahead of the curve and get in while there’s a spot. A surge of interest could mean an even larger increase in BTC value over the next several months, paving the way for a risk averse investor to cash out and make a tidy profit in less time than is typical, or for a HODLer to see the value of their assets skyrocket.
Now may truly be the lowest price we’ll see for a while.
Barring some unforeseen, earth shattering event, BTC will likely continue to rise in value over the next several months. For the people that have BTC holdings now, this couldn’t be better news. They’ll probably make more money at a faster rate than they ever have before. For those that continue to wait until the price drops, though, a steady rise means you’ll be siting on your hands for quite some time. Bitcoin is growing in value and popularity year over year, and some experts even suggest that it’s well on its way to $100K within the next few years. If it reaches that point, minor dips and slower growth trajectories won’t make nearly as much of a difference as they do now. Put simply: if you’re waiting for a marginal drop from a $30K value to buy, you may not be able to afford the same kind of drop when BTC reaches $100k. Sure, there will be some ebbs and flows, but we likely won’t see anything that’s going to negatively impact the value of the coin that much. When it comes to financial markets, striking while the fire is hottest is always the best way to make sure you don’t get left out… or priced out.
No one knows what 2021 holds, but with the introduction of vaccines for coronavirus, renewed safety and social distancing policies, and a change in American administration that could mark the end of the country’s surge in divisiveness, there’s a good chance that there may be some light at the end of the tunnel. Buying now can put you in a great position to capitalize as America and the rest of the world attempts to right itself and get back on track– and the BitLeague platform is the best free option to buy and invest in just minutes.
Learn more about how BitLeague can help you dive into the BTC market and invest wisely by visiting us at www.bitleague.com!
