Bitcoin would cross 50K USD, There is a lot of institutional adoption happening over the past few months. Crypto market experts say as the institutional investment in bitcoin increase, the currency will see stronger support during price dips." However, wealth managers caution retail investors and ask them to strictly avoid investing in bitcoin. While there are no clear fundamentals driving the price movement of bitcoin, regulation is another limitation, say the independent financial advisors. At least the power of compounding can ensure that the retail investors' wealth grows over long term," says Nath.

Source: Mint December 31, 2020 05:26 UTC