During 2021, the price of BTC will grow by 300% to $ 120,000

2020 was a very successful year for crypto enthusiasts and investors, as the price of bitcoin reached a record bythe level of $ 29,700, and at the beginning of 2021 BTCit took only two days to rise to $ 33,000. Many institutions have contributed to the market by converting some of their reserve funds and liquidity into bitcoins. Thus, they are preparing for a new era of digital assets.

The meteoric rise in cryptocurrencies has sparked discussions among analysts and proponents of the new asset class. Most of them were in favor of a bull market and were right.

Managing Partner and Head of DepartmentResearch by Fundstrat Global Advisors Tom Lee believes that 2021 will resemble 2017, as a result, the value of BTC will grow by 300%. This means that the price of bitcoin will be estimated at about $ 120,000.

"This will happen for two reasons, but the most important factor will bethe central bank issuing a huge amount of liquidity, and the weakness of the dollar will forceMany people thought that such a repository would becomegold, but for young people and those who belong to the digital generation, bitcoin is thea digital asset that they will choose as a store of value."

Bitcoin could triple in 2021, according to Tom Lee of @fundstrat. He unpacks his top picks for the new year and why he believes epicenter stocks will surge. pic.twitter.com/NXs3GvugLL

— CNBC’s Fast Money (@CNBCFastMoney) December 30, 2020

Tom Lee believes that the stock market willprice correction or serious fall. In this regard, it is obvious that many potential buyers will be looking for alternative assets, mainly Bitcoin.

If Tom Lee's prediction of 300% growth to $ 120,000 turns out to be correct, then the market capitalization of Bitcoin will surpass the $ 2 trillion mark and catch up with the value of some of the world's largest companies.

Bitcoin broke the $ 33,000 level last night and is showing no signs of a price correction so far:

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Rating of TOP-5 cryptocurrency exchanges

For those who did not manage to buy bitcoin in 2020, we have prepared a rating of the most reliable cryptocurrency exchanges that support deposits and withdrawals of funds in rubles and hryvnias.

The sites with the highest turnover are the most reliablefunds, for several years now the largest cryptocurrency exchange in the world has been Binance. The Binance platform is the most popular crypto exchange in the CIS, as it has maximum trading volumes and supports transfers in rubles from Visa/MasterCard bank cards and payment systems QIWI, Advcash, Payeer.

Especially for those new to the cryptocurrency market, we have prepared a detailed guide: How to buy bitcoin on a cryptocurrency exchange for rubles?

#	Cryptocurrency exchange	Official site	Site evaluation
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.5
3	Exmo	https://exmo.me	6.9
4	Yobit	https://yobit.net	6.3
5	OKEx	https://okex.com	6.1

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

• Work reliability&#8212; 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 &#8212; futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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