At any point of the digital transition,…
“The main difference between the peak of 2017 and what is happening now is that today currency trading is more affected by corporations and billionaires compared to them”The main difference between the 2017 peak and what is happening now is that corporations and billionaires are more affected by currency trading now than they are.
4:41 GMT, Monday, November 30, 2020
Jesus and Rejoice: Bitcoin is celebrating a new milestone after three years: according to MarketWatch, it soared 8.7 per cent earlier to $ 19,864. In December 2017, when it stood at $ 19,783, Bitcoin’s previous peak price ever was set 3 years ago.
“The main difference between the peak of 2017 and what is happening now is that today currency trading is more affected by corporations and billionaires compared to then,” said Mati Greenspan, founder of Quantum Economics.
“the increase in the price of bitcoin is mainly due to an excess demand for supply, similar to the real estate market. More and more people, commercial companies and countries are realizing that this is a new arms race “the increase in bitcoin prices is mainly due to excess supply demand, similar to the real estate market.
More and more individuals, commercial companies and countries are realizing that this is a new arms race. Whoever is left without a chair will soon be seen, and there are only 21 million chairs in the tournament.
Over the weekend, BlackRock’s senior investment strategist, Rick Rieder, said that “Bitcoin will replace gold.” in light of the meteoric growth. He said, “While it is difficult to say that Bitcoin is worth the price at which it is traded today, in the long run it will take the place of gold – because at the operational level, it is much simpler than passing a gold bar next door.”
As a reason for the growth of bitcoin this year, analysts invoke developments such as the explosion of the crown and negative interest rates in markets such as Germany. “Interest rates are the most important factor in people’s decisions about investments and savings,” said Ki Yang Zhou, CEO of CryptoQuant, a consulting company. “I am sure the negative interest rates will lead to further adoption of cryptocurrencies.”