Bitcoin continued to grow rapidly, albeit inconsistently, in value last year until it reached an incredible $ 20,000 per coin! But seeing the redundancy in the price of the same cryptocurrency that drove everyone crazy last year, one can begin to doubt that this ever happened.
2021 began with the inability to set the record for the previous year. He broke the hearts of many who have invested in Bitcoin, basing his calculations on its performance in 2020.
Bitcoin fell to around $ 17,000 on January 6, 2021, the highest since 2021. A month later, on February 6, 2021, it dropped significantly to $ 7,000. Since then, the value of Bitcoin has continued to fall, while our value has slightly decreased. Bitcoin is still hovering today with a disappointing value of around $ 6,389.
Considering its results this year, it’s safe to say that Bitcoin is likely to drop below $ 6,000. There are many factors in this opinion, and we will discuss them along the way.
The business practically does not grow without regular customers:
Ask any successful entrepreneur; satisfied customers or customers are gold. You can’t begin to count the value and growth they bring to your business. The rapid growth of Bitcoin has caused quite a stir in the past year and many people have started investing in it.
Negative reviews are not good for business:
Bitcoin has certainly been filled with a host of negative headlines and reviews that any business owner would like to hide from the public. The combination of these bad reviews and headlines with the reality that the value of Bitcoin never increases during the year is a sufficient indication that investors will be greatly discouraged.
Bitcoin is not consistent:
Yes, in 2020, the theta token price prediction increased to $ 20,000 per coin, but for investors it was a real roller coaster ride. There were times when it saw a price drop of around 30%, and sometimes much more. Although he returned, his consistency was questioned.