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Task 3 Cryptocurrency
Task 3 Cryptocurrency
INVESTMENT IN CRYPTOCURRENCY :
FUTURE PREDICTIONS
For the records, cryptocurrency worth above $65,000 today (15 November 2021) followed by
etherium with worth above $4,000. However, the trends of cryptocurrency has been positive
in these recent days. Here is why the trends continuously positive at the moments,
In between July and August 2021, the company bought 4,000 BTC with worth $177 billion
dollars cash in which accumulated hold the value of 108,992 bitcoins and purchased for
$2,918 billion with average prices of $26,769 per bitcoin. Follow up buying in September
2021, MicroStrategy bought 5,000 BTC with worth $243 billion dollars cash which
representing average prices above $48,000 per coin in which accumulated hold the value of
114,042 bitcoins and purchased for $3,16 billion with average prices of $27,713 per bitcoin
(Emily Graffeo, 2021). The total value of microstrategy worth $7 million dollars.
Recents news also supported about new style of bitcoin coins (BTC),
The new release of variations of BTC called ETFs (Exchange trade funds) or US-first bitcoin
ETFs makes the price of bitcoin climbed from $45,000 to $67,000 last month in October.
“ ETF is a fund accumulated of crypto “ – Investopedia, 2021. If the examples of bitcoin
would be better for an investor to invest in a higher scale. The previous way of that would be
buying a single asset. However, the next it’s allow the investor to buy more than 1 asset but
multiple. Futhermore, the dutch analyst that is plan B released statement said that bitcoin
would be still a highlight of the moon until 2022, this analyst comes from that the price
would be double touch $135,000. Eventhough, the price of bitcoin would be crash down
because of China banned the bitcoin but USA also gained 50% of bitcoin in comparison with
china. In which means that the value of bitcoin would be still top of the hill.
RESULTED.
The final result of bitcoin is still debatable. Here negative analysis of bitcoin :
1. The banned of blockchain technology nor under scrunity by several agency
2. Money stealing or money laundering.
3. Risk of volatility of bitcoin.
4. Regulatory of bitcoin is unclear
However, the positive result of bitcoin would be :
1. JP Morgan approved the technologies of blockchain from cryptocurrency
2. Low risk volatility of bitcoin new version ETF because the unstable up and down
price from bitcoin doesn’t effects the price of new version bitcoin ETF.