Bitcoins Big Booster Right Now

Do repost and rate:

When Bitcoin hit $42,000 and then pulled back into the mid to low $30,000 range I began to wonder if the pullback is finally going to take place. Bitcoin has bucked most if not all trends and logic when you think about its massive growth with only a couple of corrections of 10-20%. As someone who trades stock along with learning and investing in crypto, this would be throwing up huge red flags everywhere. Stocks, in particular, do not fly high as long and as hard as Bitcoin has. Between regulation and people with lots and lots of money throwing it around it really prevents this from occurring. There are some rare ones that escape this like Tesla's growth but out of the thousands of stocks out there, Tesla stands alone. 

 

Bitcoin does though have a reason for this happening and that is beside the companies buying in, FOMO, and more people being involved in the cryptocurrency. Political upheaval and the militarization of the Capitol. The idea of now 20,000 troops being sent to DC for the inagueration is something I would expect from Russia with a military parade. Recent polls have suggested that even Republicans are saying this is marking the beginning of a more violent period. The idea of the United States suffering from violence has always troubled the markets and people. With Bitcoin being a safe haven asset now that is much much easier to acquire than other safe havens such as gold its price is getting a great boost.

 

Until the upheaval and issues in not only American politics but within the people themselves improves money will continue to pour into this asset. I hope everyone is staying safe from both COVID and now the unrest that is occurring in the US. If you enjoyed this post and would like to support me further I have my COINBASE Earn referral links down below. These are the links for Compound (COMP) and Stellar Lumins (XLM) thank you!

 

Compound (COMP)

Stellar Lumins (XLM)

Regulation and Society adoption

Ждем новостей

Нет новых страниц

Следующая новость