{"id":18086,"date":"2021-09-02T07:23:59","date_gmt":"2021-09-02T05:23:59","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=18086\/"},"modified":"2021-09-02T07:23:59","modified_gmt":"2021-09-02T05:23:59","slug":"bull-run-on-bitcoin-already-on-the-horizon","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/bull-run-on-bitcoin-already-on-the-horizon\/","title":{"rendered":"Bull run on bitcoin already on the horizon"},"content":{"rendered":"\n\n\n
\n

Gold<\/span>\u00a0 1812,055
\n(-0,08%<\/span>)<\/h4>\n<\/th>\n

\n

EURUSD<\/span>\u00a0 \u00a01,1837
\n(-0,03%<\/span>)<\/h4>\n<\/th>\n

\n

DJIA<\/span>\u00a0 35263,50
\n(-0,11%<\/span>)<\/h4>\n<\/th>\n

\n

OIL.WTI<\/span>\u00a0 68,355
\n(+0,20%<\/span>)<\/h4>\n<\/th>\n

\n

DAX<\/span>\u00a0 15803,50
\n(+0,02%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n

Cryptocurrency investors have been on a rollercoaster ride since the start of the year. Bitcoin has rallied and fallen just as quickly. This is not surprising, as such price movements are characteristic of fast-growing assets. Given recent market developments, bitcoin may continue its bullish momentum from current positions and make new highs by the end of this year.<\/p>\n


\nBTC\/USD<\/strong><\/p>\n

\"BTCUSD\"<\/p>\n

Why might this happen? One factor is inflationary pressures. Almost all central banks in developed countries are printing hard to support their economies. Even if the biggest one in the US starts to phase out the stimulus programme little by little, the US government will still approve a big trillion dollar spending package. Big money will still come into the market. Rising prices and assets always have a positive effect on cryptocurrencies and push up their price.
\nIn the near future confidence in fiat currencies may weaken, because in the current situation the holders of fiat money are totally dependent on the states that printed the money. Such currencies are only backed by the promise of those countries that nothing bad will happen. In a situation where inflation is rising, the owners of money are losing assets on a daily basis. They will try to keep their money in an instrument which is decentralised and not much affected. Bitcoin is not bad for this.
\nAnother factor in the rise in cryptocurrency value could be what happened in Afghanistan. It is difficult to predict what will happen to that country and what geopolitical transformations will happen in the future. People will try to save their money, and the easiest way to do that is with cryptocurrencies. A flash drive with a wallet takes up almost no space in your pocket.
\nIt’s safe to say now that the trajectory of bitcoin over time has been very similar for the past few years. If a bull run happens in the fall, bitcoin could very well renew its highs and head towards the $100,000 per BTC mark. Technically, a bullish trend pattern is almost in place.<\/p>\n

03.30 Australia’s trade balance for July
\n14.30 US initial jobless claims
\n16.00 US Factory orders for July<\/p>\n

\n

Important Notes on This Publication: <\/small><\/p>\n

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold\u00a0 1812,055 (-0,08%) EURUSD\u00a0 \u00a01,1837 (-0,03%) DJIA\u00a0 35263,50 (-0,11%) OIL.WTI\u00a0 68,355 (+0,20%) DAX\u00a0 15803,50 (+0,02%) Cryptocurrency investors have been on a rollercoaster ride since the start of the year. Bitcoin…<\/p>\n","protected":false},"author":37,"featured_media":17595,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-18086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nBull run on bitcoin already on the horizon | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"Cryptocurrency investors have been on a rollercoaster ride since the start of the year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bernstein-bank.com\/en\/bull-run-on-bitcoin-already-on-the-horizon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bull run on bitcoin already 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