Bitcoin (BTC): Is it time to jump on the bandwagon?

Despite its lack of dynamism for some time, bitcoin (BTC) is still much talked about. In recent weeks, several experts have indicated their optimism about the prospects of the flagship crypto. For some of them, the relevance of the asset is increasingly unanimous on the financial markets.

Bitcoin (BTC), an asset with international value?

The price of bitcoin has fallen in recent weeks. The current valuation of the queen of cryptos is around $29,130. A substantial drop from the $30,000 it has reached twice this year.

According to the shared opinion of several analysts, this trend is not a bad thing in itself. It is in a way confirmation that the flagship crypto retains large margins of progress compared to its current price.

Number of analysts in any case fall within this perspective. The valuation of the asset, they say, is destined to soar in the coming months. This, even if the figures and certain speculations may suggest the opposite.

This is, for example, what Pantera Capital predicts in one of these recent analyses. The US-based crypto hedge fund says it’s looking at bitcoin trading at around $150,000. An increase driven by the next halving and reinforced by the numerous requests for Bitcoin ETFs which have abounded in recent weeks.

According to Michael Saylor, the executive chairman of MicroStrategy, there would be a consensus around the financial relevance of BTC. This would make it an asset that is both unique and more internationally recognized for its value.

“There is a growing consensus that bitcoin is a unique and valuable international asset, and this is endorsed by politicians and regulators”said Michael Saylor during a television broadcast.

Be that as it may, analysts and players in the crypto industry seem to agree on one point. The outlook for the price development of bitcoin is generally positive. Recently, Mike Novogratz, the CEO of Galaxy Digital, suggested that it was potentially opportune for users to afford it.