Has bitcoin hit the ceiling at $60,000?

Bitcoin (BTC) hit a record high on Saturday, March 13th, 2021 @ $60K

Far greater than anyone could have imagined a few years ago.

Could this be the ceiling for bitcoin?

A vast majority don’t think so.

There is talk about it constantly in the media. My friends are buying the currency, hyped as ever about its potential!

Why would this hype just disappear overnight?

Bitcoin cryptocurrency has a limited amount in circulation. More bitcoins cannot be created or eliminated. As more people lose their passwords there will be even less in circulation over the long run one would assume. Therefore, driving the value even higher.

However, Ethereum, Dash, Neo, and many other cryptocurrencies are primed to give bitcoin competition.

Investorplace.com has a nice breakdown of the cryptocurrencies to look for in 2021.

If you are interested in investing in cryptocurrencies. Do your homework, learn as much as you can about your choices. Don’t put all your eggs in one basket. Like many other investments, one could be in for a major sting or a high reward.