ADVERTISEMENT

'Too Important To Ignore,' is Bitcoin the next 'Here To Stay?'

Bitcoin is "too important to ignore" according to Deutsche Bank which recently valued the market capitalization at $1 trillion dollars.

ADVERTISEMENT
Image
Connor McCrory Los Angeles
ADVERTISEMENT
ADVERTISEMENT

Bitcoin is "too important to ignore" according to Deutsche Bank which recently valued the market capitalization at $1 trillion dollars.

The price of Bitcoin at the beginning of 2021 was at about $35,000. Fast forward 3 months, the price of Bitcoin has skyrocketed to almost $60,000

While Bitcoin is one of the 21st centuries best "get rich fast schemes," Bitcoin and all other cryptocurrency are expected to remain unstable due to their limited amount on coins that exist.

According to Coin Desk, In 2020, 28 million BTC were exchanged. To put this in perspective, in 2020 40 million Apple shares were exchanged.

For new comers to Bitcoin (BTC) individual have to think of it like a stock, Let's take Tesla for example, the stock is a low risk stock, because Tesla is a fairly stable company your return will be stable. On the other hand BTC is a "high-risk" "high reward" investment.

As long as BTC continues attract the likes of asset managers and companies, BTC is here to stay.  

ADVERTISEMENT
ADVERTISEMENT
N/A by N/A is licensed under N/A

Join and support independent free thinkers!

We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.

Support The Post Millennial

Remind me next month

To find out what personal data we collect and how we use it, please visit our Privacy Policy

ADVERTISEMENT
ADVERTISEMENT
By signing up you agree to our Terms of Use and Privacy Policy
ADVERTISEMENT
© 2023 The Post Millennial, Privacy Policy