Why Is Bitcoin Going Up, and Will It Crash Soon? What’s Next as Price Doubles to $40K – CoinDesk

Bitcoin (BTC) was just invented 12 years ago as a new type of electronic payment system, built atop an Internet-based computing network that no single person, company or government could control. The reality is that the cryptocurrency’s trading history is so short, with methods for valuing the asset still largely untested, that nobody really knows for sure what it should be worth now, or in the future.

The cryptocurrency’s price is notoriously volatile, and substantial and unexpected price swings aren’t uncommon. Below is a sampling of comments from cryptocurrency analysts and other financial experts on how a pullback might look, and what might cause it.

So for the Zoom party, you can tell them: Yes, according to the experts, a crash is probably coming, but that’s typical for bitcoin, and if history is any guide, prices will probably recover. 

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