Can Bitcoin Prices Hit $130,000 in 2021? What Coinbase’s Listing Tells Us

Can Bitcoin Prices Hit $130,000 in 2021? What Coinbase’s Listing Tells Us

Oops!Something went wrong.Please try again later.Thomas YeungApril 16, 2021, 12:55 PM·7 min readOops!Something went wrong.Please try again later.“Bitcoin is dead,” proclaimed one prominent cryptocurrency investor in late 2018. The 18-year-old, Erik Finman, had become a BTC millionaire that year. But as Bitcoin (CCC:BTC-USD) prices plummeted 75%, even he couldn't shake the feeling that the cryptocurrency's story was over.man in glasses holding a coin that has the Bitcoin (BTC-USD) logoSource: ShutterstockToday, the mood couldn't be more different. Since its 2018 crash, Bitcoin prices have steadily climbed 1,600%. This week, it hit an all-time high of $63,729.50, tempting investors to add millions more into crypto funds. (Mr. Finman, fortunately, seems to have held onto his initial investment).Core to Bitcoin's success has been Coinbase (NASDAQ:COIN) and other crypto exchanges. These intermediaries essentially eliminate the high costs of transacting Bitcoin by matching orders off the blockchain. They also make it possible for those without coding experience to open wallets and buy currency from others.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe exchanges' importance is hard to overstate; when Coinbase listed earlier this week, The Financial Times hailed it as a “coming-of-age” moment for cryptocurrency. (The New York Times took it a step