Should you jump on the bitcoin bandwagon? 専門家 予測s - and the 警戒s you MUST take

Bitcoin is hitting new 史上最高s once again and is up by の近くに to 50 per cent in the last year alone.

The price of the cryptocurrency reached a 記録,記録的な/記録する $112,000 (£82,700) on May 22, and many believe it has far その上の to run ? although this is far from a given and its most vertiginous 落ちるs often follow hot on the heels of the biggest rises.

So, if you’ve been standing on the sidelines is now a good time to jump on the Bitcoin bandwagon ? or have you left it too late? 専門家s 株 their 予測s ? and their theories on why Bitcoin is having such a good run.

Why is Bitcoin rising in price?

Bitcoin has been 成し遂げるing 井戸/弁護士席 since Donald Trump, who is 悪名高くも supportive of cryptocurrency, was 指名するd 大統領 of the 部隊d 明言する/公表するs.

During his 選挙運動, he 誓約(する)d to make the US the ‘crypto 資本/首都 of the 惑星’ and in 最近の weeks has taken その上の steps to show his かかわり合い.

約束d 規則 of cryptocurrency is starting to take 形態/調整 in the US, which means more 投資家s are beginning to take it 本気で.

The Genius 行為/法令/行動する is making its way through the US 上院 in a move to 規制する いわゆる stablecoins, a form of 数字表示式の 通貨 that is designed to be いっそう少なく volatile as it is pegged to the value of another 資産 such as the US dollar or gold.

報告(する)/憶測s this week have also 示唆するd that 大統領 Trump’s social マスコミ 会社/堅い, Trump マスコミ & 科学(工学)技術 Group, 計画(する)s to raise around $3 billion (£2.2 billion) to spend on cryptocurrencies such as Bitcoin, although the 大統領 否定するd this is the 事例/患者.

Bitcoin has been performing well since Donald Trump, who is notoriously supportive of cryptocurrency, was named President of the United States

Bitcoin has been 成し遂げるing 井戸/弁護士席 since Donald Trump, who is 悪名高くも supportive of cryptocurrency, was 指名するd 大統領 of the 部隊d 明言する/公表するs

The new 基金ing could be 発表するd this week at a large 会合 of cryptocurrency 投資家s in Las Vegas, the 財政上の Times 報告(する)/憶測d.

The price of Bitcoin had fallen 支援する in the wake of 大統領 Trump’s 関税 告示s, as nervous 投資家s sought safety in いっそう少なく volatile 資産s. But as 信用/信任 has returned, so have Bitcoin 投資家s.

Sarah Coles works for wealth manager Hargreaves Lansdown

Sarah Coles 作品 for wealth 経営者/支配人 Hargreaves Lansdown

Sarah Coles, from the wealth 経営者/支配人 Hargreaves Lansdown, says: ‘It also helps that some of the heat has come out of the 関税 演劇, while everyone pauses for breath. In that 肉親,親類d of 環境, enthusiasm for riskier 資産s tends to build.’

Growing numbers of large 投資家s, such as companies and 会社/堅いs that 投資する on other people’s に代わって, have been buying Bitcoin, which has h elped to 押し進める up the price. 基金s that 許す 投資家s to 跡をつける the price of Bitcoin are also bringing fresh 利益/興味. These 基金s, called 位置/汚点/見つけ出す Bitcoin 交流-貿易(する)d 基金s, were 認可するd for sale in the US last year, but are not 利用できる to UK 投資家s.

Simon Peters from the 貿易(する)ing 壇・綱領・公約 eToro, says: ‘位置/汚点/見つけ出す Bitcoin 交流-貿易(する)d 基金s, which 跡をつける the price of the cryptocurrency, brought in more than $2.5 billion (£1.8 billion) last week, and 名簿(に載せる)/表(にあげる)d companies continue to buy and 持つ/拘留する it, now accounting for about 4 per cent of the total 供給(する).’

Could it rise その上の still?

増加するing 利益/興味 from professional 投資家s could mean this 決起大会/結集させる has その上の to run. 抱擁する companies such as Tesla and MicroStrategy now 持つ/拘留する Bitcoin on their balance sheets, says Laith Khalaf at the wealth 経営者/支配人 AJ Bell, and the first UK 年金 計画/陰謀 has 報道によれば 投資するd in it. ‘Some large 投資家s are still entering the market, which some see as a 調印する of 信用/信任, but 警告を与える is always advised,’ 追加するs Mr Peters.

予測s 変化させる wildly on where Bitcoin could be 長,率いるd next. This is 理解できる ? the cryptocurrency is hugely volatile, is 影響する/感情d by 経済的な factors 同様に as human 感情, and no one can know for sure which way it is 長,率いるd.

Simon Peters, from the trading platform eToro

Simon Peters, from the 貿易(する)ing 壇・綱領・公約 eToro

That’s why 財政上の 専門家s 示唆する that you should only 投資する money that you can afford to lose and that if you 持つ/拘留する some, cryptocurre ncies should only ever form a small fraction of your 投資 大臣の地位. Cryptocurrency is 現在/一般に unregulated in the UK so you have little 消費者 保護 if something goes wrong.

Ms Coles at Hargreaves Lansdown 警告するs that it’s impossible to second guess what the next 告示 from the White House will be and what 衝撃 it will have on people’s 約束 in cryptocurrencies.

‘Given that we’ve seen wild swings in prices based on a 選び出す/独身 tweet, nobody should try to 納得させる themselves this is a sensible and considered 投資 戦略 based on 分析,’ she says. ‘It is a 賭事, which you should only consider for the fringes of your 大臣の地位 with money you’re 用意が出来ている to lose.’

Bitcoin tends to 落ちる はっきりと after strong periods of 業績/成果. Between December and April it fell 30 per cent from about $106,500 (£78,800) to $75,000 (£55,500) まっただ中に 関心s about rising インフレーション. One of its biggest 下降s was between November 2021 and December 2022 when the price 衝突,墜落d almost 75 pc from about $68,000 (£50,000) to just $18,000 (£13,000).

Nic Puckrin, 創立者 of The Coin Bureau, thinks the 現在の 決起大会/結集させる looks more 維持できる than previous ones and that Bitcoin could quickly reach $120,000 (£89,000) from its 現在の level, and $150,000 (£111,000) longer-称する,呼ぶ/期間/用語.

Jackson Wong from the Good Money Guide, 警告を与えるs that as Bitcoin’s total market value is now $2 一兆, it would take a 重要な 量 of new 投資 to 二塁打 its price. ‘The next 的 is the 一連の会議、交渉/完成する number of $120,000 or $125,000. Prices could overshoot to $150,000, but to reach $200,000 would 要求する plenty of FOMO buy ing [恐れる of 行方不明の out],’ he says.

Gabriel McKeown, from the 投資 newsletter Sad Rabbit, thinks the 未来 of Bitcoin will be 形態/調整d by the 通貨の 政策 of the US central bank, the 連邦の Reserve and where large 投資家s decide to put their money. ‘On the upside, a Bitcoin price 越えるing $500,000 (£370,000) is feasible, but on the downside, I can still see a world where it 落ちるs below $30,000 (£22,000),’ he says.

David Belle, a 仲買人 and 創立者 of 密告者 Money, is の中で the more 確信して cryptocurrency 専門家s. He thinks the Bitcoin price could reach $1 million (£839,000) within the next ten years. ‘Yes Bitcoin is volatile, but over a longer period of time, there aren’t many better 投資s,’ he says.

What are the 代案/選択肢s to crypto?

Thomas Becket from the wealth 経営者/支配人 Canaccord 示唆するs that if you are looking to spread your 危険 by 投資するing in a variety of 資産s, there are plenty of 選択s that may be いっそう少なく risky than cryptocurrency.

‘I might be considered old fashioned but, in today’s uncertain world, I am more comfortable 持つ/拘留するing some (危険などに)さらす to either gold or 商品/必需品s as a way to diversify,’ he says.

As for whether any other cryptocurrencies could follow Bitcoin’s 上向き march, he is 懐疑的な. ‘There are other coins with 明らかな 公共事業(料金)/有用性, however they don’t 利益 from the 指名する 承認 and historical 状況 that Bitcoin has,’ he says. ‘The real 競争相手s will be 政府-問題/発行するd coins. But, for now, if one is going to 推測する on crypto, you might 同様に 選ぶ the most 目だつ 見解/翻訳/版.’

Mr Puckrin agrees that Bitcoin is the ‘gold 基準’, arguing that いわゆる altcoins (代案/選択肢 coins) are ‘much more volatile and risky’. Two 可能性のある 代案/選択肢s he does like are SUI which ‘has 伸び(る)d a lot of traction over the past year’ and Hyperliquid whose HYPE 記念品 ‘has been incredibly resilient over the past few months’.

一方/合間, Mr Belle thinks the Solana price could move higher, with 投資家s attracted by its lower 処理/取引 costs. Tony Redondo, 創立者 of Cosmos 通貨 交流, 指名するs Ethereum, Solana and XRP as possible 代案/選択肢s for 投資家s looking for something away from Bitcoin.

Mr Peters 示唆するs Ether and Solana as two of the biggest 代案/選択肢s. Ether is 負かす/撃墜する 36 per cent over the past year and 現在/一般に 貿易(する)s at £1,877, Solana is up about 8 per cent to $178 (£131) over the past year, but there have been some volatile ups and 負かす/撃墜するs over that period.

It is important to do your 研究 before buying any crypto 資産 as some are more 合法的 than others. いわゆる meme coins, which are often created as a joke, can 貿易(する) for fractions of pennies and are often incredibly volatile.

Another 選択 is to 投資する in a 基金 that 持つ/拘留するs companies 伴う/関わるd in the crypto 部門. For example, the Invesco Coinshares 全世界の Blockchain ETF 跡をつけるs 50 在庫/株s 含むing Coinbase, a crypto 貿易(する)ing 壇・綱領・公約, the chipmaker Taiwan 半導体, and MetaPlanet, a Japanese 投資 company with a large Bitcoin 火刑/賭ける. The 基金 has returned 16.5 per cent over the past year.

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