On its birthday BTC is worth 33 thousand
The first cryptocurrency at one time made a real revolution in the understanding of the concept of monetary relations. Thanks to digital gold, the world has taken a fresh look at the very essence of the economy. People realized that their finances can and should be distributed, not dependent on the will of banking structures. Exactly 12 years have passed since then. And the world has changed beyond recognition. The whole reason is the first cryptocurrency, which today set a new record in its own value. At the moment, Bitcoin is being sold at 33 thousand apiece. We will discuss the prospects of the first cryptocurrency, try to dissuade skeptics and analyze the situation in general. So let’s get started.
Why is digital gold getting more expensive?
In fact, this process has many factors. The fact is that Bitcoin is very volatile, that is, changeable in terms of its own value. The course of the first coin, as well as most cryptocurrencies, reflects a whole range of events. Moreover, both political and economic. Imagine: it is enough for one country to prohibit a large platform or to speak ambiguously about Bitcoin, as the value begins to fall. The point is the fear of investors who are afraid to cooperate with a substandard asset with a weak reputation. However, Bitcoin hasn’t received any reputations lately. The first cryptocurrency is actively developing, creating more and more excitement around itself. The coin grows, they invest in it, they buy it, the amount of cryptocurrency in open circulation is getting smaller.
As a result, the price tag grows. This is a rather complicated process that is not interesting to everyone. It is important for many that Bitcoin simply grows in price, the rest of some investors are not interested. And this is also a somewhat correct position.
How long will the first coin rally last? 33 thousand is not the limit?
Obviously, 33 thousand is not the last height that Bitcoin conquered. It is quite possible that the forecasts of some analysts will be crowned with success and the first coin will reach 50 thousand or more. Many adherents of the first coin believe that by the end of 2021 we will see the cost at the level of 200 thousand dollars or more. Of course, this can happen too, but you shouldn’t lose your mind. Let’s think sensibly. A coin cannot grow that fast. In any case, not up to 200 thousand. But against the background of the current situation, the rate of $ 50 thousand no longer seems to be something unimaginable (recall that we started 2020 with a price tag slightly less than $ 9 thousand). Now – 33 thousand. Further more.
Should we invest in Bitcoin right now?
Everyone will answer this question on their own, but the dry facts speak in favor of the first coin. Digital gold has finally finally come out of the crisis period and is developing productively to the delight of its own investors. The main thing now is not to lose common sense. When investing, remain as attentive as possible, staying alert even in the most pleasant situation. Try to look at the situation from all sides, take into account every nuance in order to guarantee a successful investment. Aside from Bitcoin, it is definitely worth taking a closer look at digital silver.
The second coin on the market is also actively developing, reaching prices of $ 900 or more. It is this pair, Bitcoin and Ethereum, that will lead the industry into a new era. The era of high price tags and positive investments. Definitely, in order to manage your money successfully, it is important to follow the news of the cryptoindustry. Learn about the events of the world of Blockchain and cryptocurrencies with us. We publish only high-quality and interesting material. Thanks for attention. Good luck!