Bitcoin could reach $150,000 by next year, analyst Mark Plummer expects Indian Updates

The price of Bitcoin, the largest cryptocurrency by market value, has risen significantly this year. It costs more than $70,000. Mark Plimer, an analyst at Benchmark Company, predicts that the price of Bitcoin could reach $150,000 by the end of next year.

Polymer also nearly doubled its price target on US software company MicroStrategy to $1.875. He previously set a target of $990 for MicroStrategy. Polymer has a positive sentiment towards this company. Bitcoin Based on holdings. MicroStrategy will benefit substantially from its bitcoin holdings as the supply of this most valuable cryptocurrency halves, it said in an investor note. Palmer predicted bitcoin to reach $125,000 on February 27.

Since then, the price of Bitcoin has increased by about 27%. Steps are being taken to regulate this segment in many countries. In this context, the UK has decided to integrate the crypto segment with a regulated market. It is launching an Exchange Traded Note (ETN) for Bitcoin and Ether on the London Stock Exchange (LSE). However, these ETNs will only be available to professional investors and traders.

However, the central government is strict regarding cryptocurrencies in India. Last month, Finance Minister Nirmala Sitharaman had said that in the country… Cryptocurrency It is not considered or seen as ‘currency’. Asked about the government’s change in attitude towards the sector after the boom in the crypto market, Sitharaman said, “The government has always believed that assets built around crypto should be assets for trading and many other things. ” Currency We have not regulated them. They cannot be currencies and this is the stand of the central government.” The crypto market surged after the Bitcoin Spot ETF got approval from the securities regulator in the US. Earlier, capital market regulator SEBI said that due to ease of transactions A large number of investors may move from the stock market to the crypto segment.