In this photo illustration, the Bitcoin golden cryptocurrency commemorative coin seen with a mobile ... [+] phone in the back ground. What To Watch For:Nicholas Pelecanos, head of trading at cryptocurrency firm NEM, has predicted that Bitcoin could rise to $50,000 by Valentine's Day. In mid-December, Scott Minerd, chief investment officer of Guggenheim Investments, told Bloomberg that Bitcoin "should eventually climb to about $400,000." In November, British fund manager Ruffer Investment Management, which controls more than $27 billion in assets, purchased around $745 million in Bitcoin. "As we come to the end of what has been an iconic year for bitcoin, I can only see more positive growth in 2021," the chief executive of bitcoin and cryptocurrency exchange CoinCorner Danny Scott told Forbes last month.

Source: Forbes January 02, 2021 21:45 UTC