Bitcoin Price Predicted to Rp. 5.8 Billion at the End of the Year (successful cooperation with Tesla bitcoin products)

Cryptocurrency prices skyrocketed again on Tuesday trading yesterday, bitcoin, even again set an all-time high record. Going public cryptocurrency exchange company Coinbase is a new force for bitcoin to print records.
Launching Refinitiv data, bitcoin on Tuesday's trading strengthened 5.44% to US $ 63,753.43 / BTC, while the all-time record achieved yesterday was US $ 63,753.43 / BTC.

Even though it set a record high, bitcoin's strength was still inferior to other cryptocurrencies. Ethereum shot up 7.39% to US $ 2,302.07 / ETH. Meanwhile the ripples were more "creepy" again, rocketing more than 32% to US $ 1,824 / XRP. Over the past week, ripples have also flown over 120%.

Throughout this year, bitcoin is still strengthening. Bitcoin "only" gained 120%, while ethereum 210%, and the highest ripple more than 700%.

Coinbase will premiere on the stock exchange of the United States (US) on Wednesday (4/14/2021) local time. Coinbase's valuation is estimated at US $ 100 billion.

Analyst Justin d'Anethan from Equos said Coinbase which went public clearly supports the increase in cryptocurrency prices, because it is considered legitimate and offers new ways for market players to develop in the crypto world, as reported by Business Insider, Monday (12/4/2021).

It is proven that the price of bitcoin and other cryptocurrencies shot up again yesterday, and it is even predicted that it will still fly high, very high!

Bloomberg in the April issue of "Crypto Outlook" provides the highest price projection compared to others. Bloomberg predicts the price of bitcoin will reach US $ 400,000 / BTC or Rp 5.8 billion per coin (exchange rate of Rp 14,600 / US $) by the end of this year.

The target price is higher than Citibank's US $ 318,000 / BTC or Rp 4.6 billion per coin.

Launched Nasdaq projections from Bloomberg based on historical calculations of bitcoin movements, which are analyzed by several factors such as liquidity, volatility, and the number of bitcoins mined.

Analysts from Bloomberg also said that the number of market players who want to sell bitcoin is currently lower than usual, preferring more to choose a long time.

Understandably, bitcoin acceptance is now increasingly widespread. More and more institutional investors have included bitcoin in their porphyria, then investments made by large companies such as Tesla to Visa, as well as giant investment banks that provide Cryptocurrency Wealth Management. This certainly makes retail investors more comfortable in maintaining their bitcoin ownership.