The digital coin hit an all-time high of $40,367 at around 1:17 p.m on 7th January and just happened in a few hours after blowing past the $39,000 level, according to data from Coin Metrics. Bitcoin had a speedy move when it hit a new record the day before with last trading at $38,885. It is up 9.1% higher from a day earlier. The cryptocurrency is up over 30% since the start of 2021 and in the past 12 months has surged 400%.
Covid-19 effects and its correlation when Bitcoin is getting bigger
Bitcoin and other crypto-assets had a huge tumble in March 2020. There was a correlation between the stock market and crypto assets for the first time with the down in prices for both assets. However, the recovery from the Coronavirus boosted up the market again when the market confusion faded.
With all the proof of Bitcoin’s price recently, we can identify that Bitcoin is potential assets which can return back the profit fast compared to other assets. Especially, with the support from various platforms in payment, legality in more nations and the trend to invest in stable assets such as Crypto after the Covid-19 – which expressed clearly through Google Trend. It proves that Bitcoin can be focused on the long term with the big picture by investors.
Is investing in Bitcoin still a shrewd decisiveness in 2021?
The answer is Yes if you are truly to believe in yourself and confident with all the experiences you did endure from before until now. Because there are always some good periods and some bad periods as the market will catch your unawares and surprise you with sudden unexpected shifts up or down on a long-term basis. Being conscious and calm are two prerequisites you need most during your trading process.
Nevertheless, it is unpotential for investors if you do not have much capital. Even the Bitcoin price can rise more in the future to reach the level of above $100,000 but it is a capital-intensive field as well not appropriate for everyone, especially when you are the new participant with less experience compared to the experts.
Are there any solutions to create more profit similar to Bitcoin’s investment?
There are always options for traders in the fourth era as nowadays when various forms of investment are deployed. One of the most potential investment coins you can take note is BitcoinNami (BTCN) – the most attractive asset in 2021 which brings to you the profit in every second.
The starting price of BTCN is only $1 at the moment but it promises to bring the big profit back to the investor as for every 10 seconds it will create one more BTCN. The technology-based is the main point to help BTCN develop more in the future and it is named as the first fundamental for cross-chain DeFi platform.
Furthermore, BitcoinNami is developed to create and connect decentralized applications, services, and institutions where independent blockchains can exchange information and transactions in a reliable way.
BitcoinNami is a network protocol that creates spaces where any type of data from different blockchains can be operated and exchanged quickly and securely. This means BitcoinNami is a true multi-chain framework, designed to facilitate cross-chain interoperability and scalability of blockchains.
BitcoinNami can transfer the arbitrary data across public, open, permissionless blockchains as well as private, permissioned blockchains. With BitcoinNami ‘s advanced technology, transactions can be held at the same time and distributed among blockchains.
BitcoinNami is a platform for building trust where none might naturally exist, opening up whole new markets and opportunities. Every transaction, interaction, and exchange is immutably and transparently recovered, and securely validated using multi-signature, secure and reliable layered technology architecture.
BitcoinNami has many attractive policy programs with the highest payouts across the industry such as Mining BitcoinNami and Referral Program.
BTCN is the appropriate investing strategy for traders at the moment with the good benefits and definitely generates more profits for traders in the future. Trading BTCN now to be successful in the future!
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