An Earthquake May Hit The Safe Markets

A recent report expected that the asset and safe-haven market will witness a violent earthquake during the coming period, with expectations of a strong recovery awaiting digital currencies, as cryptocurrency prices are likely to return to 2017 levels before entering violent and shocking losses during 2018.

The agency "Bloomberg" that the expected rises this time will be different, as the virtual currency returns to the price levels last seen in the wake of the collapse of the cryptocurrency market nearly three years ago during the month of October, when it recorded in last Wednesday's trading the level of 13858. USD, the highest level since January 2018.

The most powerful and widespread currency in the digital currency market "Bitcoin" recorded a level exceeding $ 20 thousand for the first time in the history of digital currencies during the month of December of 2017, then collapsed to the level of $ 3136 only in December of 2018, to lose about $ 16864 of its value during Only one year, a loss of 84.3%, was recorded.

According to Bloomberg, supporters of digital assets say the recent rally is not another craze for speculation among individual investors, citing growing institutional interest and PayPal's decision to allow clients to access cryptocurrencies and use JPM Coin to make a first-time payment.

"This rally appears to be driven more by the decision of those with larger balances, and not by the entry of a wave of retail investors," said Queen Matrix co-founder Nick Carter.

Jay Hirsch, managing director of Etro trading in the United States, said, "PayPal's announcement and awareness of millions of people about the value of Bitcoin and digital assets in their lives, wealth and freedom ... We are very excited about the news and look forward to seeing other major payment applications enter the space." .