Here's a video discussing the 3 most likely reasons why bitcoin may crash in 2021 and what you should look out for. I hope you enjoy, please share, like and subscribe!
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One - INFLATION. Due to the significant amount of money printing that happened in 2020, there is a strong belief that inflation will come in 2021. Also, the rapid rise in the 10-year treasury yield has made these fears more profound. As inflation fears rise, so does the price of bitcoin.
TWO - TECHNOLOGY STOCKS. The price of Bitcoin usually moves with technology stocks. Since Bitcoin is seen as tech more then a currency, it tends to trade that way. If you don't believe that tech in do well in 2021, then bitcoin might not do well either.
THREE - BITCOIN'S USABILITY. Bitcoin is not the most effect currency to conduct transactions. This is what caused the last bitcoin crash. Bitcoin acts more like a asset like gold or stocks. If the majority of the market doesn't realize this, then it will cause a massive sell off of bitcoin and other cryptocurrencies.
Jonathan’s Favorite Book’s ????:
Think and Grow Rich: https://amzn.to/2AOxRIE
How to Win Friends and Influence People: https://amzn.to/327ltyP
Unlock it: https://amzn.to/3gMlBI7
Rich Dad, Poor Dad: https://amzn.to/3iV8yWw
F. U. Money: https://amzn.to/3iUbq68
Your Money or Your Life: https://amzn.to/38UHfHu
The 4-hour Work Week: https://amzn.to/2ZmuNx4
*Some of the links in this video are from companies that Jonathan Sorunke will earn an affiliate commission or referral bonus. The content of this video is accurate as of this posting date. Some of the offers mentioned my no longer be available. The information in this video is presented for entertainment purposes only and you should refer to the proper professionals before making any decisions.*
Follow me on Instagram ???? / Twitter ????/ TikTok ???? : @jonathansorunke
Jonathan’s Favorite Stock/Bitcoin Trading Platforms ????:
Webull (Get 2 free stocks): Webull.jonathansorunke.com
Wealthfront (First $5,000 managed for free): Wealthfront.jonathansorunke.com
M1 Finance (Get $30): M1.jonathansorunke.com
Gemini (Get $10): Gemini.jonathansorunke.com
Jonathan’s Favorite Credit Cards ????:
Amex Gold Card (40,000 MR points sign up bonus): AmexGold.jonathansorunke.com
Chase Freedom Unlimited ($200 sign up bonus): ChaseFreedomUnlim.jonathansorunke.com
One - INFLATION. Due to the significant amount of money printing that happened in 2020, there is a strong belief that inflation will come in 2021. Also, the rapid rise in the 10-year treasury yield has made these fears more profound. As inflation fears rise, so does the price of bitcoin.
TWO - TECHNOLOGY STOCKS. The price of Bitcoin usually moves with technology stocks. Since Bitcoin is seen as tech more then a currency, it tends to trade that way. If you don't believe that tech in do well in 2021, then bitcoin might not do well either.
THREE - BITCOIN'S USABILITY. Bitcoin is not the most effect currency to conduct transactions. This is what caused the last bitcoin crash. Bitcoin acts more like a asset like gold or stocks. If the majority of the market doesn't realize this, then it will cause a massive sell off of bitcoin and other cryptocurrencies.
Jonathan’s Favorite Book’s ????:
Think and Grow Rich: https://amzn.to/2AOxRIE
How to Win Friends and Influence People: https://amzn.to/327ltyP
Unlock it: https://amzn.to/3gMlBI7
Rich Dad, Poor Dad: https://amzn.to/3iV8yWw
F. U. Money: https://amzn.to/3iUbq68
Your Money or Your Life: https://amzn.to/38UHfHu
The 4-hour Work Week: https://amzn.to/2ZmuNx4
*Some of the links in this video are from companies that Jonathan Sorunke will earn an affiliate commission or referral bonus. The content of this video is accurate as of this posting date. Some of the offers mentioned my no longer be available. The information in this video is presented for entertainment purposes only and you should refer to the proper professionals before making any decisions.*
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