The current Bitcoin or BTC news is that its market capitalization and value is getting close to that of the overall market capitalization of the Bank of America and many other huge financial institutions in the whole world combined. This absolute financial comparison is to testify that despites many tribulations that this glorious cryptocurrency has undergone and experienced in the recent times, it is still growing strongly in terms of its market price. BTC value and price is surely growing every passing day.
Right from March, 2020 when the whole globe was hit by the Covid-19 pandemic, many countries were forced to pump money into their economies for them to attain some stabilities. It could be said that the price of BTC was also affected as well. But the impact is not as serious as it affected the whole global economy. Many influential people found it very difficult to buy all the BTC in circulations due to so many factors that you can read more here about.
One of the factors is price of things that are not stable. Also, the various crypto news going around have proven that due to usual liquidity that are not readily available, BTC and other crypto monies were gaining ground in the financial market. BTC therefore has grown to be a considerable financial liquidity or asset over times. It will still continue to ride on this trend for so many years in future; at least as it has been predicted by some eminent financial analysts and economists.
BTC is forecasted to have market capitalization that will get to $90 trillion in the nearest future. It cannot be compared in anyway with those other assets that are related to mainstream financial markets. It is a means that can really empower investors.
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