• Mashum Mollah, CEO at Blogmanagement.io


• 11.12.2022 06:45 pm
undisclosed

Bitcoin is the oldest and the greatest of all the Cryptocurrencies. They have the highest market capitalization and are far ahead of its rivals. They are backed by Blockchain technology which makes recording information safe and secure. The rise of Bitcoin has been meteoric, to say the least. This is the reason around 22% of the people in the US invest in them. 

Are you on the list of virtual currency users? If not, this is the right time. Start slowly and safely with the ethereum code. This is an investment platform where you get the required guidelines. 

But there is also the dark side of the lamp. Bitcoins are highly volatile. This fluctuation really makes the study quite pertinent. Therefore, let's try to understand things here.

How Will The Price Of Bitcoin Fluctuate In The Coming Years? 

They say Bitcoin is highly volatile, and this is probably the biggest truth. The price of Bitcoin does fluctuate. Let us conduct the study to understand the past and Future fluctuation of Bitcoins here in this discussion.

Understanding Fluctuation

Though Bitcoin is the most successful of all Cryptocurrencies, they are a fluctuating lot. This up and down brings in the element of risk for the investors. For example, you could be at the crest of asset creation. But within a day, you can lose it all; this is how the coins are volatile. 

The price of Bitcoin in the year 2013 (April) was around 135.3 USD. But by the month of November, the price took vertical charlie and reached 1127.45 USD. Again in the wake of 2014, the prices cascaded to 8.1.15 USD. Again by the year 2017, the prices of Bitcoin reached near the 1500 USD mark. The present price of Bitcoin is 1696.80 USD. Even this will change. 

The journey of Bitcoins has consistently been inconsistent. Volatility has been the greatest constant for Bitcoin. Now, this has become a bit too much for the investors. So now let's take a look at the prices in the future. 

Understanding Future Fluctuation

According to one study conducted by NextAdvisor, Bitcoin prices in the year 2023 can go as high as $50000 and as low as $38000. 

In the year 2025, the price of Bitcoin can go as high as $100000 and go as low as $50000. Similarly, the prediction is that prices may climb as high as 12.5 million USD in the year 2030. 

Finally, the prices can even fall to around $ 150,000. Therefore one can say the prices have been highly volatile. So let's try to understand things from here so that you get an idea. 

Reason Why Bitcoin Fluctuate?

Why do Bitcoins fluctuate so much? This is one of the questions that are quite common among internet users. There are some reasons. 

1. Bitcoin Supply

Remember, the prices of anything depend on demand and supply. You might know that there is a limited supply of Bitcoin. It's an interesting fact that there are around 21 million Cryptocurrency users. The more the coins get closer to the empty limit, the more expensive they'll get. Therefore, reducing the coins can be attributed to Bitcoin price fluctuation. 

2. They Hold For A Bit Long 

According to another study, another reason for the fluctuation of Bitcoin prices is its rising popularity. Wealthy investors buy the coins, and they have the capability to keep them long. 

Thus, they earn high for keeping the coins for a long time. This is the reason that we recommend new investors like you to try and hold the coins for a long time to get the benefits. For instance, if the price of Bitcoin stays as high as $50000, only a few investors would be able to liquidate fast enough to avoid losses. This affects the pricing of the coins.

Closing Down The Discussion

There are risks surrounding investment in Bitcoins. This volatility factor prevents more people from investing in these virtual assets. Therefore, one needs to understand the fluctuation to save itself from a major fall. 

The only way to get rich with Bitcoin is a long-term investment. With long-term investment, you can get things under control. We hope you understand the fluctuation quite a Bit (coin).