Modern Token: Demand for Crypto can Accelerate Bitcoin to $ 100 thousand

Modern Token: Demand for Crypto can Accelerate Bitcoin to $ 100 thousand

Market participants are forecasting that the value of Bitcoin will rise to $ 100,000 as stimulus measures from the US government will allow the population to expand investment in cryptocurrencies. The main token is approaching the $ 60k mark with the news of another $ 2 trillion aid package for the US economy. A strong argument was the fact that more and more companies are going to work with cryptocurrencies. For example, PayPal and Visa have already allowed their US customers to pay with tokens, Tesla is ready to sell them electric cars, and Goldman Sachs plans to interact with cryptocurrencies in the future.

Growth in adoption

US President Joe Biden on March 31 (around 1:30 Moscow time on April 1) presented a new plan to stimulate the economy: $ 2 trillion will be invested in infrastructure development and the labor market. This will create millions of good-paying jobs, he said.

In larger economies, the effect of stimulus measures is maintained, in some countries support programs are expanding, which has a positive effect on financial markets, says Evgeny Grankin, an analyst at the Gazprombank Center for Economic Forecasting. According to him, this will support demand for various asset classes, including cryptocurrencies. And the worse the indicators of the US economy, the more actively the price of the tokens will rise, as investors will expect additional incentive measures, says Yuri Mazur, head of the data analysis department of the cryptocurrency broker. CEX.IO Broker.

The digital asset market is also positively influenced by the wave of Bitcoin adoption by institutional investors in the financial system, and this contributes to the growth of the main token, noted lead strategist at investment company Exante Janis Kivkulis. In particular, on March 31, with the news that PayPal customers from the United States will be able to use tokens for payment, bitcoin broke the $ 59 thousand mark. At 4:00 p.m. Moscow time on April 1, the rate fell again to $ 58.9 thousand. to $ 61.2 thousand.

In the future, bitcoin will go up in price to $ 100,000 and up, I’m sure Janis Kivkulis. If you look at the ten-year chart of the digital currency, you can see that it reaches new peaks in value and its pullbacks turn out to be less and less deep. At the same time, other cryptocurrencies are growing faster than the main one, whose market share has dropped to 56.5%. This is a sure sign of euphoria: Investors are looking for undervalued tokens, which does not happen during a period of stagnation or decline, the expert explained.

Over the summer, bitcoin will hit $ 80,000, and by the end of the year, it will rise to $ 100,000, agrees Vladimir Smetanin, CEO of Swiss finance company Newent. In his opinion, the statements of large American companies about their willingness to work with him are a step towards the global adoption of cryptocurrencies as a means of payment and the strengthening of its fundamental value.

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