Bitcoin is a famous name in the crypto world. It holds the top rank among all cryptocurrencies with a mind-blowing market cap of nearly 50,00,000 Crore Rupees. Because of this reason, it is also the most bought digital currency in the world. Like any cryptocurrency, Bitcoin also faces highs and lows in its value. So, it is necessary to buy it with proper research. This article features the price prediction of this coin for the month of June and beyond.
Bitcoin or BTC is a popular cryptocurrency that was invented way back in 2008. It is a decentralized currency that uses a peer-to-peer network for transactions. The main advantage of this coin is that it is not owned by any banks and all the transactions are transparent.
BREAKING: #Bitcoin and crypto exchange Binance commits $500,000,000 to invest in Twitter with Elon Musk
— Bitcoin Magazine (@BitcoinMagazine) May 5, 2022
Unlike many coins, this coin is one of the most trusted cryptocurrencies in the world as it generally yields profit. So, many beginners buy this as their first digital currency. Another reason to invest in this coin is the bold predictions of experts as many pundits see it as the future of currencies.
June 2022 Price Prediction
Currently, Bitcoin is on a bearish run as it is trading at around 26,00,000 Rupees. This is a significant dip in the history of the coin as it came down from 31,00,000 to 26,00,000 Rupees in a week. But, it might not last long as bearish momentum is set to break in the future. Come the month of June, a consistent upward curve might restore its market.
— TheStreet (@TheStreet) May 9, 2022
So, the investors who are planning to sell their Bitcoins now should think twice as June month may be profitable for them. Even after June, the price may continue to rise. So, holding the coin is the best option as of now even as the current market is bearish. Furthermore, by the end of the year, Bitcoin may even exceed 70,00,000 Rupees if the predictions of experts hold true.
Stay Connected with Theskyrimblog for the latest updates.