Bitcoin is officially the best investable asset for this year despite having its share of unnerving periods and managing to become of the best assets as we are reading more about the report in the upcoming BTC news.
Acquiring more than $1 worth of Bitcoin in 2020 would mean more than $90,000 today even after the price corrections. To compare, after the extremely successful decade for the stocks, $1 invested in big indices of the US equities would have reached $3.46. Of course, not everyone can sell during peak time so the stock indexes are historically less volatile and more liquid. Bitcoin is considered a wild card for personal finance and helps to build wealth for smaller-scale investors facing both risky markets and low real income.
Bitcoin investment is not limited to US-based persons and it caused a boom of investments in Korea and the stagnant stock returns caused buyers to adopt crypto assets which moved beyond BTC and into the zone of the riskier assets. It’s possible that some of the other asset classes reached a huge growth as well in nominal terms over the past ten years and they have now arrived with significant quantitative easing thus boosting their valuations. The next decade could bring slower growth but most of the indicators point to a recession getting avoided in 2020. Bitcoin has not faced a recession so far and has existed on the market in an environment of investment exuberance.
Since then, despite the correction, the bitcoin ecosystem increased and the presence of the asset was established. With the mainstream futures markets and exchange-traded products across Europe, Bitcoin is starting to look like a serious asset class that the mainstream markets will have to compete in which is why it is proclaimed as the best investable asset for this year. Despite the crashes, bitcoin has posted higher lows each year and gained a lot of liquidity and support from the futures markets that helped it go around the periods of relative stability.
BTC also build businesses around the activity of mining and it used the spare hydroelectric power to essentially build a new type of value. This month has been considered the final stretch of the decade for the benchmark cryptocurrency at least since the beginning of the trading. Bitcoin now trades at about $7065 on the slower volumes before the holidays start.
This Month Decides Whether BTC Is Entering Bullish Rally: Report
"If this is a bear market rally, it ends this month. If it’s a bull market rally you better be positioned. The monthly close is gonna be fun to observe, it’s either gonna be shattered bear or bull dreams."https://twitter.com/CryptoDonAlt/status/1218457514091720705The BTC price is up by 23% this month with less than 18 days. Therefore, a clean break over $9,153 would mean that it will end the month with 27% price gains. Even if it moves to test higher levels like $9,900 in the short-term, maintaining that momentum to lead a monthly close over a major resistance level is difficult.
BTC Hash Rate Hits New Highs To Mark Latest Technical Achievement
New Research Shows Mondays Are Best Days For Buying Bitcoin
Google Search Volume For Crypto Is Trending Down Despite Surge
Cyber Criminal Activity Dominated By Crypto Mining Malware
Binance Carries Out 10th Token Burn , Removes $38.8 Million BNB
Rival Blockchain Attacks Are On The Verge On Increasing: Report
Ethereum 2.0 Testnet Is Advancing, Gains 22,000 Validators
Sablier Payment Protocol Enables Streamed Salaries In Crypto
Gemini Launches An Insurance Company To Cover Up For $200M Of Its Branch
Bitcoin May Not Go Parabolic (Towards Five Digits) Just Yet
Chainalysis Reports: $2 Billion BTC Was Laundered Through Exchanges
YouTube Purge Comeback: Davinci Reports His Channel Was Blocked Again
Bithumb Filed Complaint Against The National Tax Service
China Declares Bitcoin As Property! Central Banks Prefer Crypto? SONY “Contactless” Hardware Wallet
JPMorgan Predicts A 60% Recession, Is Crypto The Best Chance Now? | [Bitcoin News // Crypto News]
Ethereum Sees Record Number of Shorts! NEM Blockchain Hub | Samsung Blockchain Supply Logistics
Crypto Jobs Up 300%! Lost BTC 20% Rate of Recovery | Only 45% of Exchanges Meet Security Standards
DC Forecasts Proudly Backed The Global Disruptive Blockchain Innovation Summit
Join us on Facebook
- Litecoin News7 days ago
40 Million LTC Coins Remain Locked For A Year While Price Rises
- Ethereum News7 days ago
Ethereum Will Likely Surpass $150 According To Key Technical Indicators
- Altcoin News6 days ago
Foin Project Issues Long Explanation On Why The Price Slide Happened
- Litecoin News6 days ago
LTC Retracement Bound For Correction Before Going Bullish
- Altcoin News7 days ago
More Altcoin Mining Will Be Integrated By Mining Pools In 2020
- Blockchain News6 days ago
PwC Swiss Partners With Smart Contract Auditing Firm ChainSecurity
- Bitcoin News6 days ago
ETF Giant WisdomTree Confirms Plans For Launch Of A Stablecoin
- Bitcoin News6 days ago
Bitcoin Could Visit $8,800 But BitMEX Signals New Warning