As Bitcoin hits a new record price of $100,000 the big question is: what happens now? Two years ago, the cryptocurrency was worth less than $17,000.
Peak price they think Bitcoin will hit next year – and the strategy THEY are usingAs Bitcoin hits a new record price of $100,000 , the big question is: what happens now?
$120,000 at the end of JanuaryGlen Goodman, author of bestselling book The Crypto Trader, believes the best years for Bitcoin soaring in value could be behind us – and making money in the future may not be so easy. He adds: ‘I hope to buy when prices start rising and sell when they go down. But one thing you learn in this game is humility. You can get it spectacularly wrong. Crypto may just be a passing fad or turn out to be the new digital gold where it continues to go up like a precious metal. No one knows what is going to happen – no matter how much they might claim to be an expert.’
Chromy adds: Knowing when to sell is important as you need the reserve to re-invest again when the time is right.’He says: ‘A good place to start might be to open an account with a trader such as MetaMask or Exodus. Initially, rather than putting in money, learn about the market without spending anything. Watching price trends by looking at trader websites costs you absolutely nothing – and the knowledge you learn can be priceless.
'Of course, if I had sat on this money, I would be far richer now – and there is nothing to say it will not skyrocket again next year. This would turn $100,000 into $20,000 – or if it peaked at $250,000 to $50,000. He believes Bitcoin will then rise again. Scott adds: ‘I believe you should pay little attention to strategies for predicting the best time to invest, for example when the price will next dip. I have learned there is no point in losing sleep worrying about whether the price goes up or down in the short term. Much better to make regular payments because in the longer term so far – despite the rises and falls – Bitcoin has continued to go up in value over time.
He says: ‘Anyone interested should only drip feed small amounts of money initially to get a better understanding of what is going on in the cryptocurrency market. For example, if you are thinking of putting in £500 then consider putting in £100 now to scratch that itch – and then wait until the New Year to see how it has fared by putting small amounts of money in regularly, such as every month, rather than one big lump sum.
Price peak at the end of 2025 or early 2026 You have no consumer protection if something goes wrong, says Simon Peters
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