Bitcoin Halving
| photo: assembly: Pavel Kasík, Technet.cz
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The price of bitcoin has more than doubled since the beginning of this year and has risen by almost half since the beginning of the fourth quarter, writes CoinDesk. According to the CNBC website, the current development is reminiscent of the sharp growth of bitcoin in 2017, when the price of this currency climbed to almost $ 20,000.
Source: Investing.com
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Some bitcoin supporters say the currency is benefiting from extensive stimulus measures taken by governments and central banks around the world to support the economy during the coronavirus crisis this year. According to them, such measures undermine the value of traditional currencies and make bitcoin an attractive alternative, writes the CNBC server.
“Thanks to the influx of big players from Wall Street, Bitcoin has now entered the bull market phase, exceeding the $ 16,000 mark for the first time in three years and continuing to grow. But there is a catch, there is now an extreme shopping spree on the market and investors are becoming even inexperienced newcomers, “says Daniel Tanner from Platon Finance. According to him, there is a threat of a rapid wave of sales.
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