The prediction came true that Bitcoin would be traded beyond US$ 20,000 before the current year ended. Two days ago, Bitcoin not only allowed prediction to come true but went on to break the all-time high record. As per today’s price index, Bitcoin’s price cap is above US$ 23,000 and the price would likely to go further up.
It was some three years back when Doug Greening, a renowned multi-millionaire businessman, was a veteran trader. He founded the Florin Court Capital which on the other hand explored over 350 alternate markets worldwide. But he quitted traditional trading and instead decided that he would trade in on cryptocurrencies.
He was found stating recently that throughout his trading career he had never come across any trading product like Bitcoin. He said that he learned from his experience that Bitcoin outperformed every asset class in terms of its lucrativeness. He further stated that the only asset which can be termed as a perfect asset class is Bitcoin. He also said that the present-day trading is more dependent upon trending models running in a certain industry. To him, Bitcoin too is one of the trending models these days for which no one should hesitate to invest in.
Greening’s Florin Court had made substantial profits this year through Bitcoin trading. It was revealed that the company had traded Bitcoin for about thrice the size of its last year’s Bitcoin trade volume.
Greening also told that this year the worldwide shrunk enormously due to the Covid-19 pandemic. He said that he saw various governments printing currency notes to survive the odds and support the economy. However, what was going to happen was inflation, he said. He told that when he saw that he understood that the profitability will go into Bitcoin because inflation favors digital coins.
He said that the second wave of Covid-19 is rampaging the world and further inflation will be caused very soon. Again governments would be required to print more notes and yet again the liquidity will be diverted into Bitcoin. So those who hadn’t pulled their bucks into Bitcoin or alike should do so immediately before it is too late.
Greening concluded that it was predicted that before 2021 Bitcoin would be above US$ 20,000. There was another prediction that 3 to 4 years from now Bitcoin will be traded for over US$ 100K. He added that the later prediction might come true as well.