22 Oct 2021 · 3 min read

Bitcoin Rises to USD 168,000 by Year-End, Is It Possible?

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

The Bitcoin ETF Created A Record

On Tuesday, the first cryptocurrency exchange-traded fund, the ProShares Bitcoin Strategy Fund (BITO) debuted on the New York Stock Exchange. It made 23.1 million shares traded, or nearly USD 950 million when the session closed. BITO has become the second-highest ETF in the opening day volume. It reflects the great demand of individual investors and advisors who are looking for prudent ways to get exposure to Bitcoin.

More Investment in Cryptocurrency

COO of Solidus Labs, Chen Arad said that the well-performed Bitcoins ETF gives a strong signal of adoption of Bitcoin and crypto as a whole by the market, which could lead to general price increases.

Sharing the same opinion, Michael Sonnenshein, CEO of Grayscale, remarked that the SEC was getting more relaxed on the idea of cryptocurrencies. It would be only a matter of time before ETH ETF was approved by the Securities and Exchange Commission.

How High Will Bitcoin Be in 2021

As Bitcoin surged high to USD 64000 after the approval of Bitcoin ETF, investors may wonder how high will Bitcoin hit within this year. Wall Street Strategist Tom Lee made a bold prediction. He believes the BTC price would hit the USD 100,000 mark and added that the asset could go as high as USD 168,000 by the end of this year. Although the Bitcoin price will be hyper-volatile in the following months, Lee suggests that would create a reward for people.

Small Trades Make Great Rise

With more crypto ETF approvals in the future, more individual investors will grant a portion of their portfolios to this market. Eric Balchunas, the senior ETF analyst from Bloomberg, found that most of the half a billion in the volume of new BTC ETF are small trades. In other words, lots of traders begin to adopt cryptocurrency investment. The inflows of Bitcoin ETF will translate into a higher value for the Bitcoin itself. So how can we gain profits in this bullish cycle?

Now Bexplus cryptocurrency exchange provides 100x leverage for investors to make more profits on small trades. Learn more about Bexplus 100x leverage below.

More Profits with 100x Leverage

Bexplus offers a 100x leverage tool so that traders can open a position with only a 1% margin required. Take an example, a trader opens a long position of 10 BTC at the price of USD 60,000 with Bexplus 100x leverage. Then, the price goes up to USD 65,000. As a result, he will make a profit of (USD 65,000 - USD 60,000) * 10 BTC / USD 65,000 = 0.7542 BTC (fee included). However, the margin he needs to prepare is only 0.1 BTC. That makes 754.2% ROI in total. That's how traders make much more profits with the 100x leverage tool provided by Bexplus.

Get to Know Bexplus

Bexplus is a cryptocurrency trading platform that serves investors all around the world. One may trade BTC, ETH, DOGE, ADA, XRP pairs with 100x leverage tool. Established in late 2017, Bexplus aims to provide safe and professional services for traders around the world. Registered in Saint Vincent and the Grenadines, headquartered in Hong Kong, Bexplus has branches in Singapore, Japan, the US, and Brazil and is accredited by MSB (Money Services Business).

NO KYC Required

Investors can register a Bexplus account with their Email address only. Bexplus follows NO KYC principles and will not collect your private information. Traders from the United States and Japan can also invest in the Bexplus platform.

1:1 Deposit Bonus

Users will get a 100% deposit bonus of up to 10 BTC. Though the bonus funds can not be withdrawn, traders can open a larger position with it. What's more, the profit it yields is withdrawable.

10 BTC Trading Simulation

For novices of crypto trading, they can learn how to trade different crypto coins with 10 virtual BTC in the trading simulation system. If you are a professional dealer, you can also use this tool to practice your technique without losing real money.

BTC Wallet with 21% Annual Interest

If you are not interested in risking in the fluctuating market, you may deposit BTC to Bexplus wallet. Depending on the amount of deposit, you can get up to 21% of the annual interest from it.

24/7 Withdrawal and Customer Service

Users can submit a withdrawal request anytime they want. In general, the process will be done within hours during working hours. If traders encounter other problems in Bexplus, they can get help from online customer service 24/7.

No matter if you are a newcomer or an experienced investor, Bexplus is the best choice for you to trade BTC, ETH, ADA, DOGE, and XRP with 100x leverage. Sign up now!