The price of Bitcoin keeps moving up, and even if the king coin suffered a slight correction, the king coin managed to bounce back quickly.
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $34,508.88.
Bitcoin also made it heavily in the mainstream media in 2021 after the coin managed to break $20k.
It’s time to invest in Bitcoin
MarketWatch just dropped a new article on the popular coin, highlighting that it’s time to invest.
The online publication notes that “We believe that bitcoin has matured and now is the right time to invest in this widely popular currency.”
They continue and note: “Here’s why: Today, there is significantly more demand for bitcoin than there is supply. About 900 new bitcoin are mined daily, and three market participants alone — PayPal, Square, and Grayscale Bitcoin Trust — purchase considerably more than 900 bitcoin a day because of high investor demand.”
MarketWatch also noted that if this dynamic continues, much higher prices lie ahead for the dominant crypto.
Anyway, we suggest that you check out the original article that they posted.
Bitcoin bullish predictions intensify
In other news, there are all kinds of bullish predictions about the price of Bitcoin these days.
Raoul Pal drops one himself, and it’s more than bullish, as you’ll see for yourselves.
The Macroeconomics guru revealed what he believes about Bitcoin and says that the king coin will be racing towards $1 million by 2026.
In a new interview, he said that the laws of supply and demand are working in Bitcoin’s favor – this will create a feedback loop that will end up attracting a massive number of institutional investors.
“Basically, supply is restricted, algorithmically restricted. So, it can never be changed, so you will always know what the supply is. So, then the question is, what is the demand?” he said.