Bitcoin at 20 thousand: a reason to buy the BTC?
We haven’t discussed the first coin for a long time. Digital gold has not stopped growing lately, setting more and more records for its own value. For example, today the first coin has reached a historical level and consolidated at around 20 thousand dollars. This is truly an event that will mark a new stage in the development of digital gold and raises many questions. What will happen next? What caused this expansive growth of a digital asset? Should you invest in Bitcoin right now or postpone your investment? Let’s figure it out.
Context
First, congratulations to all those who regularly monitor the value of the first cryptocurrency. Digital gold broke through all resistance levels and, without losing its own pace, reached 20 thousand dollars apiece. Recall that this is an absolute record in the context of value. At the peak of its price in 2018, the coin was sold for a little less money, so today can definitely be called historical in the context of not only Bitcoin. But for the entire industry. Indeed, against the background of the rise in price of Bitcoin, it is quite logical that the value of other assets is also growing.
The so-called altcoins, that is, Ethereum, Ripple and other assets, naturally gain value. For example, at the time of writing, Ethereum was selling for $ 628 per coin. But if everything is clear with digital silver (the recognition of the asset on the Chicago Mercantile Exchange affected the cost), then the subtleties of Bitcoin’s growth are still not clear to many. Why is Bitcoin rising in price?
In fact, there are several factors. First, it is necessary to take into account the loyal attitude of government agencies. Many corporations and government organizations from all over the world have indicated that they intend to study the Blockchain in more detail and even want to introduce Bitcoin into their own ecosystems. Against the backdrop of this news, many large investors have taken a fresh look at Bitcoin. Serious investors again saw a promising asset in the first coin, which is still relevant and in demand on the world stage. That is why the price of 20 thousand was only a matter of time.
This is why Bitcoin is starting to rise. You should also take into account the growth of interest among ordinary users. Thanks to the growing price tag, more and more independent users are starting to invest in the first coin. Due to the pace of transactions and the speed of mining, the network starts to work faster, attracting more attention. On this basis, a completely logical and natural question arises: is it worth selling all assets and buying Bitcoin right now? Let’s understand in the next section.
Is the price tag of 20 thousand a good reason to buy your first coin?
In this matter, everything is not so simple. First, let’s say that you definitely shouldn’t change your own investment portfolio dramatically. The coin remembers cases when the rate reached certain points, but then corrected and dropped significantly. However, at the moment we can observe a more stable picture. Bitcoin confidently shows itself at such high levels, a fall is not yet predicted. However, skeptics expect a massive sale of cryptocurrency in the near future.
It is possible that hesitant traders will start selling digital gold, believing that the price tag will no longer rise. But, of course, such a rash approach is just as dangerous as a complete denial of the rising price. We advise you to independently analyze the market, compare different points of view and only then make a decision. If you have free money, wait for a small drop in the price of the first crypt, which will definitely happen soon, and add Bitcoin to your digital portfolio. The first coin will definitely show new heights even before Christmas.
The main thing at the moment is to follow the news of the cryptoindustry and stay abreast of all current events. To do this, update our news feed. We publish only high-quality and interesting material. Thanks for attention. Good luck!
