Within the first two weeks of 2021, Bitcoin has surpassed value predictions to skyrocket above all-time highs. Bitcoin’s current value was expected to gain unprecedented highs at the start of the new calendar year, but the cryptocurrency forged beyond crypto market forecasts. For the first time, Bitcoin smashed a record-breaking value of more than forty thousand dollars, with its momentum barely showing signs of slowing down. Bitcoin successfully climbed more than forty percent in value since the end of 2020.
Crypto market analysts are growing concerned about Bitcoin’s unexpected success in the last few years. During 2019, Bitcoin doubled in value, while in 2020, the cryptocurrency quadrupled in market value. Market traders believe Bitcoin’s value will likely waver if not plummet entirely. Throughout the speculation regarding Bitcoin’s success, other cryptocurrencies have fallen to new lows.