Crypto Twitter is celebrating its all-time high. Even a famous satirist asks how it works with Bitcoin.
On October 20, the time had come: The Bitcoin price broke the All Time High (ATH) that the cryptocurrency had set up on April 14 of this year. According to Coingecko , the Bitcoin rate reached the new, now provisional ATH at 5:07 p.m. on the same day: $ 67,118.89. The community celebrated and the moon trip was even discussed in the mainstream. How that sounded and what the expectations of the crypto space are now.
Satirist trolls the BTC community
The German entertainer, satirist, television, radio and podcast presenter, musician, author, film producer and journalist probably knows a lot about many things, but with regard to cryptocurrency he leaves open whether he has understood the protocol and ecosystem or is amused by it . With comments like “Do you have to have 1 Tesla to invest in Bitcoin? ich checks nich (sic!) ”he brings the oldest crypto currency into the mainstream at least.
Aber erstmal ganz basic: Wieviel Bitcoin bekommt man für 1000 Euro und wo?— Jan Böhmermann 🦠🤨 (@janboehm) October 21, 2021
On the day and time of his post, he would not have received a full or half bitcoin for 1,000 euros, but rather around 1,881,622 million sats – but at least!
Elon Musk speaks up
How many BTC Elon Musk holds is not known. That he is a fan of coins with dogs in the logo, on the other hand, is. The 50-year-old South African has been particularly noticeable in the past for his proximity to the cryptocurrencies Doge Coin (DOGE), Shiba Inu (SHIBA) and Floki Inu. All three of these cryptocurrencies pumped up quite a bit on October 18th. Whether he is referring to the dog coins with the rabbit-like emoji (or is it a dog after all?) In his Twitter feed or rather the NFT announcement of Playboy remains open as always.
(\_/)— Elon Musk (@elonmusk) October 17, 2021
Bitcoin to the Moon
One person who is more likely to have comments associated with Bitcoin is Jack Dorsey. An hour before the ATH, he shared the moon emoji. Many other influencers: inside or crypto fans wrote similar statements like “Bitcoin to the moon”.
🌕— jack⚡️ (@jack) October 20, 2021
By virtue of past years, however, it can be assumed that if a price shoots up as rapidly as the Bitcoin price did last week, then no solid ground has been established for this understanding of value. It is therefore normal, if not healthy, if we see a decline again in the coming days. Even so, one of the Winklevoss twins is certain that $ 66,000 is just the beginning of the Bitcoin journey.
66k. Bitcoin is just getting started.— Tyler Winklevoss (@tyler) October 20, 2021
Even if these millionaires or billionaires are very optimistic about the Bitcoin rates of the future, one must not forget that it is still a volatile commodity, which can lose value just as quickly as it could rise . This was felt by some investors in the past week when the Bitcoin price suddenly fell to around 8,200 US dollars on platforms like Binance US.
In any case, influencers don’t have a crystal ball inside either to predict the future. Therefore: everyone: r should only make decisions at their own discretion.
Questions & Answers about Bitcoin Projection
What is the Bitcoin price today?
The current price of Bitcoin is 61278.90 USD today.
Will Bitcoin price grow / rise / go up?
Yes. The Bitcoin price can go up from 61278.90 USD to 92800.00 USD in one year.
Is it profitable to invest in Bitcoin?
Yes. The long-term earning potential is +51.44% in one year.
Will Bitcoin price fall / drop?
No. See above.
What will Bitcoin be worth in five years (2026)?
The Bitcoin (BTC ) future price will be 216104 USD.
Will Bitcoin crash?
According to our analysis, this will not happen.