Over the past two weeks, the value of bitcoin has risen by 23% after the crash in mid-May, when its rate fell by more than a third in a day. In mid-April, the cryptocurrency was worth $64.3 thousand, after which it fell to $34.70 thousand. The current price of bitcoin is $38.55 thousand. Some analysts believe that now the cryptocurrency looks undervalued, and within ten years bitcoin may rise in price to $700 thousand. The popularity of the digital currency is constantly growing, and as the crypto market is adequately regulated, even more players will enter it. Moreover, the development of technologies and various blockchain projects will make working with bitcoin easier and possibly faster. At the same time, experts do not deny the risks associated with working with cryptocurrencies. Few analysts could predict Bitcoin's rise to $64.3 thousand in the spring of 2021, as well as its subsequent falls in May caused by the mining ban in China.
