Crypto community with 82% historical accuracy sets Bitcoin price for April 30, 2022

03/31 10:43

According to Finbold, following Bitcoin’s (BTC) recent resurgence as the flagship digital asset has climbed above the $47,000 mark, the cryptocurrency community at CoinMarketCap predicts that the asset will trade above $51,000 by the end of April. With more than 90% of Bitcoin in circulation, the inflation rate for digital assets fell to 1.7% in March, five times lower than the rate for the US dollar, presenting BTC as a credible inflation hedge for investors. The CoinMarketCap crypto community believes the asset will climb over 8% from the current price to trade at $51,053 by April 31. The target is based on the average votes by 55,723 members. Meanwhile, the inflation rate of the U.S. dollar continues to soar, hitting 7.9% in February. This is its highest inflation rate in 40 years or since 1981, “even before the oil spike,” as tweeted by Holger Zschaepitz, the senior financial reporter at Welt.
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