The crypto market looks great today with most of the coins trading in the green.
Bitcoin is not an exception, and the king coin is now up by 3% in the past 24 hours.
At the moment of writing this article, BTC is priced at $15,885.26.
There have been a lot of optimistic predictions about the price of BTC these days.
Bitcoin bull run and the crypto market
Now, Forbes is analyzing what BTC’s latest bull run means for the crypto market.
The publication notes the importance of the massive rise in the crypto market in 2020 when the world is in the middle of a global crisis.
They note that Bitcoin was able to go to almost $16k from below $4,000 – the price to which the king coin fell back in March – this is great news for crypto investors.
Forbes notes that the crypto winter is indeed coming to an end, and they discuss what this means for the whole crypto space in the medium and long term.
What we can expect in the medium and long term
First of all, the publication explains that stablecoins will take over, and mas adoption of cryptos will also come.
More than that, “crypto-insurance will come to the forefront,” Forbes notes.
The article continues and explains that “Ultimately the future of the finance and payments will be heavily influenced by blockchain and crypto asset developments, and the regulatory infrastructure will need to keep pace.”
We recommend that you check out Forbes’ original article to see the optimistic predictions about Bitcoin and the crypto space at large.
New optimistic predictions about the price of BTC arise
There have been all kinds of optimistic predictions about the price of Bitcoin these days.
For instance, just the other day, Dan Held, who is the growth lead at crypto exchange Kraken, said that the king coin is in a much stronger position at the moment and it has the possibility to reach $100k the next year.