Business
Why Bitcoin could collapse 50% – Yahoo Finance Australia
Bitcoin smashes new record: Here’s what’s driving the latest bull run and why I think it could drop by half.
Image: Getty
2020 was a challenging year for so many reasons but one highlight of the year was bitcoin. It smashed its all-time high, topping out at just over US$29,000 by the years end. And theres no sign of slowing down, now at over US$34,000 as at January 11, 2021, according to Coin Market Cap.
But whats behind these highs? How long can we expect this run to continue? And most importantly, what does the future hold for the price of Bitcoin (BTC)?
What is behind the latest bitcoin boom?
The cryptocurrency…
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