Bitcoin pops through the $ 9,000 limit
Bitcoin pops through the $ 9,000 limit
Good news for those who invest in bitcoin, because the digital currency has broken through the 9,000 dollar limit. It is more than a year ago that the bitcoin scored so "high". The breakthrough came after good news about the crypto adventures of social networking site Facebook. They are going to launch their own crypto currency in the coming months.
The most popular (digital) currency in the world is in an upward trend whereby the $ 9,000 limit was recently broken. That makes the bitcoin one of the best-performing investments this year, with a return of 140 percent it is one of the top performers in the financial markets.
It is more than a year since the bitcoin was still trading at this level. The upward trend has been underway for a while and is being strengthened by institutional investors who are increasingly adopting a position in crypto. But the good news about Facebook certainly has an influence.
Facebook has been brooding for a while on the idea of releasing a crypto coin. These plans have now become concrete and Facebook will soon be launching its own currency effectively. The fact that such a large company enters crypto is very supportive for the crypto market.
Market experts say that the involvement of large companies, such as Facebook and AT&T, is called. The year 2018 was miserable and all confidence in crypto dropped to an unprecedented low. That is suddenly very different now, there is light again at the end of the tunnel.
Analysts at RBC Capital Markets say that the digital currency of Facebook is perhaps one of the most important initiatives in the history of the company. We now have to wait and see what this digital coin will bring and whether it will help to make crypto even more acceptable.
Sources: CNBC
BTC has a long way to go before reaching its true intrinsic value. Despite its recent moonshot, now is still a good time to invest in this digital asset.