Bitcoin is waiting for a deep correction with a subsequent rise to $ 600,000

Scott Maynard, chief investment officer of the Guggenheim fund, updated his February price forecastbitcoin.He continues to be confident that in the coming years the No. 1 cryptocurrency will rise in price to $600 thousand, but now he indicates that the digital asset will reach this mark after going through a downward correction, during which it can fall in price to 20 30 thousand dollars.

Moreover, Maynard saw in the recent declineBitcoin prices below 50 thousand dollars after rising to almost 65 thousand dollars are a sign of a beginning downward correction. From his point of view, this behavior of market conditions is"Normal evolution in what constitutes a long-term growth trend"Bitcoin prices.

Speaking of the 600k leveldollars, when the capitalization of bitcoins exceeds $ 11 trillion, Maynard is sure that this will happen, since it is in this amount that the total global volume of gold, the classic competitor of cryptocurrency No. 1, is estimated.

Another well-known expert, investor Bill Miller,also sees a long-term positive trend for Bitcoin. He believes that the current surges in the price of Bitcoin are a kind of “payment” for the benefits that this digital asset has. The investor is convinced that Bitcoin is not a financial “bubble”, since “the supply of this asset is growing by only 2% per year, and the demand for it is increasing at a faster rate, several times greater than 2%.”

At the same time, the rise in the price of Bitcoin in December 2017Bill Miller called it just a “bubble”, since at that time the No. 1 cryptocurrency had not yet become as popular among a number of institutional investors as it happened in the fall-winter of 2020. Finally, comparing Bitcoin and gold,the investor called the # 1 cryptocurrency "a better store of value than gold".

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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