Despite Extreme Fear, Bitcoin May See $50,000 By End Of March!

The cryptocurrency community at CoinMarketCap (https://coinmarketcap.com)predicts that Bitcoin may trade around $48,000 by the end of March and $49,000 by the end of April This would be a nice hike from the current price level of $39,000. The CoinMarketCap community currently has a historical accuracy rate of 82% on Bitcoin price projections. 

Although the community is remaining bullish on the future of Bitcoin, there are still concerns among investors regarding the next course of the asset. As of today, 13 March 2022, The Bitcoin Fear and Greed Index still shows the value 21 expressing “extreme fear.” 

With over 90% of Bitcoin in circulation, its inflation rate notably dropped to 1.7% on March 10, five times lower than the US dollar (USD), positioning BTC as a viable inflation hedge to investors. Moreover, Bitcoin’s recent average daily trading volume surpassed Apple’s by about 60%, illustrating its steadily increasing adoption of the leading cryptocurrency.