Not far. Over the past year, Bitcoin has become more and more expensive. The price in January 2020 was $7.200. This means that those who invested even $200 made a profit of 155%. There are already forecasts of new price hikes – $51.678 is not the limit. What is the limit then?
Many people continue to consider investing in blockchain projects as something intricate. The availability of information has almost broken this barrier. The number of Bitcoin owners has exceeded 100,000+What did it cause? Cryptocurrency Exchanges have automatized both main processes: decision making and trading decision implementation. What does this mean for John the fishmonger? That he doesn’t need a special education to invest. What does this mean for stock traders? That a fishmonger John doesn’t need a special education to invest. That simple.
Investing in bitcoin is not a matter of choice, it is a matter of time.
Operations with cryptocurrency are:
$250 deposit and 2-3 months until the currency rate increases. Less people can resist the temptation to get money. Those who have invested in this in early December 2020 have already joined the Bitcoin LifeStyle group.
Younger people, millennials in particular, were more likely than their older counterparts to view Bitcoin as an alternative currency to be used for transactions and investment. But the number of these people does not exceed 50% of the world’s population. The remaining 50% are people who are allowed to get additional income because of stock operations automatizing. This is an age group that is no longer ready to spend time on education after work. But these people also need to take care of the family. They are the reason cryptocurrency exchange is now opening up new opportunities for financial growth. Just look at some:
From $20,000 to $51.678 in a month.
Breaking the ceiling is not what it seems when you think out of the box. And to think out of the box means using one of many trading platforms like Coinbase, Geminy, BlockFi, etc.
But isn’t the rise in demand lowering the value of Bitcoin or other altcoins?
Until a certain moment – no. All those who have invested in cryptocurrency would like to know when this moment will come. No matter if it was $200 invested or everything they had. But so far, the calculation algorithms are not able to predict the rise and fall of prices beyond 2023. And only a great faith in human honesty will make you trust brokers.
But you can count on at least a couple of years of deposit stability. This is easy to judge based on the growth in the world’s first cryptocurrency price. Many of the reasons the cryptocurrency price continues to rise in 2021 will not differ from the reasons for its growth in 2020.
Why did the price rise to $51.678?
The weakness of the dollar relative to other currencies in the global market is considered the main reason. If Bitcoin is not tied to either the country or banks, then why? For more than 70 years, the dollar has been the reference point for all currencies, even cryptocurrencies. Results of 2020 made believe that investors are moving away from the dollar.
The reason is U.S. failure with keeping the spread of Covid-19 under control. Is this argument convincing enough? Sure. 18.3+ million Americans were infected. Trump considered 5.3 million as a point of no return for U.S. economy.
Remember the words of Bill Gates “Bitcoin is exciting because it shows how cheap it can be”. These words haven`t lost their relevance. Should we remind you that he is still a Bitcoin holder and one of the smartest investors of our time? But not only old school financial market players can predict future. Remember when Elon Musk understood the potential of blockchain projects? Personal investment by media personalities like Lionel Messi, Mike Tyson, and – almost a president – Kanye West boosts interest in the currency. Now it`s about 52 million traders and about 100 million owners.
Institutional money is invested in bitcoin. Fidelity Investments, Ark Investment Management have already strengthened their position in the market through cryptocurrency transactions. Why did they become interested in this? Everything is simple, they turn to Bitcoin when other assets are not generating income.
Investors may invest 0.5-1% of their capital in BTC, thus forming a new asset class. The founder of the hedge fund Tudor Investment Paul Tudor Johnson says a lot about this. In May, the billionaire announced that he had invested 1% of his assets in the first cryptocurrency, that is, about $50 million. The increase in his “reserve capital”was almost $200.000 by the end of 2020. Is there a need to remind how unfortunate was this year for the world?
THE FEAR OF LOSING THE FINANCIAL PROFIT
On October 21, 2020, PayPal added the ability to buy and sell Bitcoin, Ethereum, Bitcoin Cash, and Litecoin cryptocurrencies. Its mobile application Venmo will allow paying with virtual money at 26000000 points of sale worldwide. Crypto money will be converted to another currency before payment. PayPal makes the latest technology available to everyone, just as Apple once did.
Currently, 4.6 billion people use the Internet. The same number will use digital currencies in 3 years. Each day the number of new Internet users is growing by 870,000. This is almost 250,000 more than those with Covid-19. The real pandemic is digitalization and those who are not with it miss their chances every day.
HOW TO GAIN PROFIT?
If a couple of months ago you took a dollar and invested 99 cents in cash, and 1 cent in cryptocurrency, you would have received at least 100% profit today. It is clear that the further the world moves from cash, the more you can get from digital counterparts.
The prognosis that is brought by the article shows the main causes of blockchain currency cost increasing. That means 50% of people would get acquainted to the cryptocurrency market in a few years.
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