What drives the Bitcoin price!
The protests in Hong Kong, the trade war between the USA and China, lowering the rate of the Federal Reserve. It seems that the value of digital money is changing against the backdrop of shocks in the global economy, but is it really so?
At this time, cryptocurrencies are getting more expensive, and the largest growth waves of Bitcoin often coincide with negative events in traditional markets. To internal factors directing market movement, speculative activity of large players and the actions of regulators.
Now in the financial world, rethinking of cryptocurrencies has begun, now it is perceived as a competitor in transactions and small investments.
In addition to global factors and major changes in the financial system, local events often influence the rate of digital money. However, such local jumps are most often short-term.
If the coin will be less volatile and becomes a recognized means of preserving value, then it may be able to get ahead of gold. At least due to easier access, limited emissions, ease of movement, storage and other factors that make this asset special and interesting.
The information contained in publication is not, and should not be read as, an offer or recommendation to buy or sell. You should carry out your own independent research before making any investment decision. Thanks for reading! All the best regards.
At this time, cryptocurrencies are getting more expensive, and the largest growth waves of Bitcoin often coincide with negative events in traditional markets. To internal factors directing market movement, speculative activity of large players and the actions of regulators.
Now in the financial world, rethinking of cryptocurrencies has begun, now it is perceived as a competitor in transactions and small investments.
In addition to global factors and major changes in the financial system, local events often influence the rate of digital money. However, such local jumps are most often short-term.
If the coin will be less volatile and becomes a recognized means of preserving value, then it may be able to get ahead of gold. At least due to easier access, limited emissions, ease of movement, storage and other factors that make this asset special and interesting.
The information contained in publication is not, and should not be read as, an offer or recommendation to buy or sell. You should carry out your own independent research before making any investment decision. Thanks for reading! All the best regards.
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