And then they attack you and want to burn you. And then they build monuments to you.
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Bitcoin is attracting a growing number of analysts, and as a result, Bitcoin price targets are becoming more commonplace. Some have been downright bombastic. Others are more restrained. Ross, without making a specific prediction, sees the cryptocurrency space further growing in value to the global financial system:. Some more FOMO fear of missing out from retail investors, and what you'll also see is that at some point you'll see a massive RIA announce that they have a meaningful amount of their business in BTC. If you look at the previous patterns of prices versus adoption, it tends to consolidate and then have a multiple move higher.
This is starting to look pretty decisively higher.
The 2021 Outlook for Bitcoin Prices, Adoption and Risks
This combination of increased investment interest in Bitcoin as an investment, as well as increased adaptation of Bitcoin, cryptocurrency and blockchain technologies by companies, points to a perfect storm for prices. One of the biggest risks to any bullish calls, sky-high or not, is the potential for regulatory agencies to suddenly erect a brick wall. While fewer people might be asking about using Bitcoin to buy illicit substances anymore, regulators are again taking a close look at digital currencies, this time with a focus on how these coins act as securities.
Altcoins are any digital coin that's an alternative to Bitcoin. The issue at question is whether its digital currency is really a digital currency, or if it's an unregistered securities offering. The news was enough to cut Ripple prices by more than half in just a few days, and several cryptocurrency exchanges stopped trading in the altcoin until the issue is resolved. Even then, some Bitcoin bulls see a silver lining. Ripple has a different mechanism relative to Bitcoin's decentralized model, so some believe a crackdown on altcoins points to Bitcoin as the first and maybe only stop for people interested in cryptocurrencies.
But no investor should spend a cent without brushing up on what is still a very nascent technology and asset class. To that end, sites such as Coinbase and Binance Academy offer rudimentary basics to get people up to speed. If you feel like you're ready to begin investing directly in the cryptocurrencies themselves, you can do so on a number of sites, including Coinbase and Robinhood, and even PayPal and Square's Cash App. Most analyst outfits at this point have at least acknowledged the upside possibilities for Bitcoin and other digital currencies.
However, they don't all view cryptocurrencies as investment-worthy for most retail investors just given the still-speculative nature of the space and uncertain regulatory outlook. Not to mention, for all their highs, digital currencies have shaken a lot of people out at their lows. Up until only two months ago, three-year total returns were pretty much the same among the three assets, but volatility differed. Those who only invest through k s, IRAs and other accounts through traditional brokerages can't directly invest in digital currencies through those vehicles yet. However, many hope is the year we finally see a Bitcoin ETF.
However, investors do have access to a few ETF-esque funds. But they are different than ETFs in a few noteworthy ways, which we outline here , that investors should know about before purchasing.
The Bitcoin bull run: is it different this time?
Skip to header Skip to main content Skip to footer. Home Kiplinger's Investing Outlook. Kiplinger's Investing Outlook. Getty Images. The 21 Best Stocks to Buy for It then took flight through the end of Then there's inflation. The 11 Best Growth Stocks to Buy for Ross, without making a specific prediction, sees the cryptocurrency space further growing in value to the global financial system: "I think in we'll see a lot of news that will move the price higher," he says.
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But Ross adds a word of caution. Just consider starting small. Kiplinger's Investing Outlook cryptocurrency.
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