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Bitcoin is booming today! Why?
10.54pm ▪ 3 minute read ▪ by Eddy S.
The cryptocurrency market is known for its volatility and unpredictable fluctuations. Today, Bitcoin is experiencing a significant rise, capturing the attention of investors and analysts around the world.
Pension funds finally embrace Bitcoin
The very recent integration of Bitcoin into pension funds it is a phenomenon that has the potential to transform the traditional financial landscape. With the growing adoption of Bitcoin ETFs, financial institutions are starting to recognize the queen of cryptocurrencies as a viable investment asset.
This evolution is particularly notable in the field of pension funds. Even a minimal allocation to digital assets like Bitcoin could lead to significant capital inflows. As pension funds follow investors into cryptocurrencies, this could increase the value of Bitcoin, having a tremendous impact on its price and potentially causing it to explode.
BRICS launches their own cryptocurrencies!
The creation of a cryptocurrency-based payment system by the BRICS could have a significant impact on the price of Bitcoin. This initiative, which aims to reduce the BRICS’ dependence on the US dollar for international transactions, could lower the greenback and lead to an increase in demand for Bitcoin as an alternative reserve currency.
Robert Kiyosaki equalized recommended for crypto users accumulate as many BTC as possible, as the end of the dollar is near. This advice has certainly been taken seriously, given the current rise in the price of bitcoin.
Bitcoin’s resilience against regulatory pressures
Bitcoin’s stability at the psychological threshold of $63,000 is a sign of resilience that indicates a impending bullish trend. Analysts noted that maintaining this support level despite regulatory pressures and macroeconomic uncertainties is an indicator of investor confidence in the value of BTC. Once this psychological threshold is crossed, is it the beginning of the long-awaited Bull Run?
Today’s rise in the price of Bitcoin can be attributed to a combination of economic, regulatory and even factors political factors in the market. While some see this rally as an investment opportunity, others remain cautious, aware of the unpredictable nature of the cryptocurrency market.
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Eddy S.
The world has evolved and adaptation is the best weapon to survive in this wavering universe. The crypto community manager at the base interests me in everything that touches or comes close to the blockchain and its derivatives. With a view to sharing my experience and getting to know a domain that I am passionate about, I am the one who writes informative and décontractés a la fois articles.
DISCLAIMER
The views, thoughts and opinions expressed in this article are solely those of the author and should not be relied upon as investment advice. Do your research before making any investment decisions.