Just one day after hitting its all-time high, Bitcoin has increased its value by 10.5%. That’s why we’re giving you the tips of an expert to get you started in the cryptocurrency fever.
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Yesterday Wednesday Bitcoin exceeded the $ 20,000 for the first time in its history. Less than 24 hours later, the world’s most popular cryptocurrency broke its own record and Now valued at over $ 23,000 per unitCan’t be stopped!
This Thursday, Bitcoin recorded a profit of 10.5%and reached the $ 23,655 (approximately 468,000 Mexican pesos). This corresponds to an increase of 220% at its previous value in 2020.
Bitcoin’s rise is mainly due to the Demand from major investorsfascinated by the opportunity to get quick wins. In addition, thanks to its range is limited to 21 millionthat may be Protection against inflation risk.
On the other hand, it is expected that it will be a conventional mode of payment in the not too distant future. Last October, Paypal Start of a buying, selling and payment service for cryptocurrencies. Few companies still accept this Bitcoin and similar in their transactions, but crypto markets are expected to become more accessible as they improve their infrastructure.
“With the constant deterioration of fiat money, alternative currencies are being sought.”, wrote analysts from Deutsche Bank in a note. “It seems that Bitcoin will continue to be in high demand.”.
$ 23,000 pic.twitter.com/ZCbPAmKnQp
– Adam Back (@ adam3us) 17th December 2020
Expert advice for investments in cryptocurrencies
Created more than 10 years ago, Cryptocurrencies You generated a lot of distrust in the beginning. In addition to constant price fluctuations, they have been linked to criminal groups, hacks, and operational disruptions. In recent years, however, institutional and private investors have lost their fear and are increasingly relying on them Bitcoinhe ether and other similar entities.
If you are all convinced invest in cryptocurrencies, you should check out the tips from Brian Armstrong, Coinbase CEO, one of the largest cryptocurrency trading platforms.
This Wednesday before the sudden surge in BitcoinArmstrong shared a blog post stating that he and his company have one “Long-term vision of the market”. However, it is emphasized that investments are made in cryptocurrencies “It’s not without risks”.
“We are always excited to see the growing interest in cryptocurrencies. However, it is also important to know that this is not just a time of high volumes, but also of price volatility.”wrote the Coinbase CEO. “The market can move much faster in any direction than the stock markets”.
The specialist warned investors that they could focus on short-term speculation. He also encouraged his customers to do so “Search for resources” and consult financial experts to better understand the crypto market.