Looking at the situation on the market, now investors prefer to short gold, transferring the bulk of investments in Bitcoins
The reason for the outflow of capital in BTC is the decrease in the relevance of gold. This metal can no longer be considered a profitable means of saving, as well as other physical assets. Especially among young people.
It is hard to imagine that investors will buy one or two safes, load them with gold and silver. This is inconvenient and will not bring such benefits as investing in cryptocurrencies.
Bitcoin annually demonstrates effective growth. The coin increases in price three times. However, higher growth is also possible when BTC rises by 200% compared to last year's price.
According to the co-founder of Morgan Creek Digital, in 2021 Bitcoin will continue to rise in price. By November, the cryptocurrency will cost 100,000 dollars, and maybe more. Well, we'll see.