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Financial consultancy Canaccord Genuity: Bitcoin will reach $20,000 in 2021

Financial analyst firm Canaccord Genuity predicted in an analysis released on May 9 that by 2021, the value of Bitcoin (BTC) would reach $20,000. This forecast is based on the similarity of the four-digit price cycle of Bitcoin during the period 2011-2015 to 2015-2019, as shown in the following figure: Bitcoin price cycle Canaccord Genuity […]
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