CEX.IO company blog | Why has bitcoin's value quadrupled and how long will it last?

Yuri Mazur, head of data analysis department at the international crypto broker CEX.IO Broker, specially for Forbesshared his expert opinion on what contributed to the rise of the first cryptocurrency rate and what will follow.

Investors started investing in cryptocurrencies andrisky assets on the wave of enthusiasm in connection with the development of vaccines and the maintenance of stimulus measures from the world central banks, the expert said. “The money poured into both traditional platforms and digital asset exchanges,” Yuri notes.

Bitcoin's impressive rise over the past weekis connected with a previously filed lawsuit by the US SEC against Ripple due to the illegal sale of XRP, Yuri explained. As a result, the Ripple rate plummeted by more than 40%, and investors began to redirect investments into Bitcoin.

Expert on the future fate of the Bitcoin exchange ratebelieves that it will grow in the first quarter of 2021, and predicts serious Bitcoin volatility in the range of $25,0000-50,000. The speaker noted that after the coronavirus pandemic, risky assets are likely to stabilize and decrease in price due to the recovery of the global economy and the launch of deferred inflation.

What do you think about Bitcoin in the new year?

Read the full material here:
www.forbes.ru/finansy-i-investicii/417545-pochemu-stoimost-bitkoina-vyrosla-v-chetyre-raza-i-kak-dolgo-eto