If you’re struggling to increase your profits on investment, the problem might be that you’re focused on the wrong area. The recent surge in the value of bitcoin has created it a better investment than gold. According to investment advisors, Bitcoin can be a better option for investors. Experts believe that, by the end of the year 2020, the price of bitcoin will reach near 25,000 US dollars. Currently, the price of one bitcoin is 18,274 dollars. On the other hand, trade experts, on the basis of their analysis, said that in the next five years the value of bitcoin likely to reach 1 lakh dollars.
Value of Bitcoin moving towards new high: Experts
Currently, the value of bitcoin is once again touching new heights. It is being speculated that bitcoin is moving towards a new record of its value. But the thing to be seen here is that how much bitcoin trading is left on crypto exchanges? The biggest reason for this is that most hold of bitcoin is in limited hands. Recently the Grayscale Trust had revealed that they have five lakh bitcoin hold which is 2.14 percent of the total bitcoin circulation. Let us tell you that Grayscale is a reputable trust that can hold bitcoins for a very long time. The special thing is that Grayscale has invested a significant amount in bitcoin in the last three to four months, while Microstrategy has also invested $ 425 million in bitcoin in August 2020, while its CEO also has around 18000 bitcoin holdings.
UAE crypto exchange “Bitex” to now trade in India:
Talking about India, now UAE’s most secure digital asset exchange Bitex has announced the launch of its crypto trading platform and multi-coin wallet in India. With this, the company has entered India. Let us tell you that the company established in 2018 with headquartered in Mumbai.
Bitex will provide a platform to Indian Business Communities to buy and sell digital coins and tokens such as Bitcoin, Ethereum, Ripple, Bitcoin Cash, XRP. The special thing is that the trading platform follows anti-money laundering (AML) and Know Your Customer (KYC) policy. At the same time, Well-known fast-food chain Burger King has launched a pilot program to collect Crypto-currencies at its C.C branch.
Bitcoin’s value could surpass its record high from 2017: Elon Musk
Elon Musk has responded positively to investment advice in cryptocurrency. He said that bitcoins could see it surpass its record high from 2017. Musk, the CEO of SpaceX and Tesla became the world’s third-richest person this week.
Maisie Williams showed interest in investing in bitcoin:
23-year-old Game of Thrones star Maisie Williams is considering joining the list of celebrities who have invested in bitcoins. On Monday, she tweets a poll on Monday asking: “Should I go long on bitcoin?”
should i go long on bitcoin ?
— Maisie Williams (@Maisie_Williams) November 16, 2020