It seems that the penetration of the price of the cryptocurrency bitcoin on the price of 60 thousand dollars during the last period will not be the highest price for it during the year 2021, as it is expected that it will reach the levels of 100 thousand dollars during the summer.
A report issued by one of the Wall Street giants, Bank of New York Mellon Corporation, "BNY" expects that this currency will achieve levels in which it breaks the $ 100,000 mark, and will build new support levels by next July, according to a report published by Forbes magazine.
The report "BNY" indicates that despite the defects that damage the prices of the currency of Bitcoin, but that the model analysis of "prices based on the ratio of stock to flows from the cryptocurrency" is adopted in order to predict the price of this currency.
This model has so far proven its validity, and was created by a Twitter user "@ 100trillionUSD" who says it is a large Dutch investment firm.
For example, this model indicates that the ratio of stocks to flows of gold is 62, which means that the world needs 62 years in order to produce the quantities of gold present today.
On March 13, the value of Bitcoin crossed the $ 60,000 threshold for the first time, and experts say it was prompted by the US economic stimulus plan.
Bitcoin continues to achieve record increases, and its value has tripled in recent months, as its price was only $ 20,000 in mid-December, according to Agence France-Presse.
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