It is a bright new year for a new normal.
After investigating a bit, pun intended. I have come to the conclusion Bitcoin could do easily go forward up to 40K before a big correction.
In 2020, USA led the world in buying the available Bitcoin versus the rest of the world. At the same time it doubled its money supply.
Internationally this already weakened the dollar 10%. We can tell by the fact that many countries that have already suffered 10% inflation managing to maintain a stable exchange with the dollar.
Some are predicting up to 30% inflation in USA for 2021 as a possibility.
All of this resulted in millions flocking to hedge against USD with Bitcoin in late 2020. And that included thousands of millionaires and a dozen billionaires. All of this without even considering institutional investing. Given all of this, Bitcoin new rally now seems perfectly sensible.