Will Bitcoin Peak in 2021?

Bitcoin has been recently showing a very strong performance, supported by increased demand.

The world’s largest digital currency achieved its best monthly performance in over a year during December.

Market experts are now expecting the cryptocurrency to peak early next year with the recent surge come to an end in early 2021, CNBC reported.

However, Bitcoin is seen making more gains on the near term.

The decline during the first quarter (Q1) of 2021 could provide an opportunity to buy for some investors, with some expecting Bitcoin to eventually reach $50,000.