We can see the new surge of bitcoin in crypto market . It exceed $10K again and I believe many are earning now especially those with holding during the downtrend of bitcoin. But,to what extent bitcoin will raise more today?
Do you think ,what happened last 2018 will happen again this coming months?
What are the reason behind the rise of bitcoin?
Edit: Sorry for putting a wrong number on the value of bitcoin, I didn't mean it. It is just above $10K and not $500K.
I wrote this topic just for discussion in order to know the opinion and knowledge of everyone.
I think there are three reasons for BTC raise up, those are
01. Swiss bank making custody of BTC as their banking policy.
02. US Central bank also doing same as Swiss bank so that if reflacted fully in crypto market.
03. In pandemic season people was searching for safe investment place for income with safely also and they targeted BTC with online investment and income.
I think those good news make market fully high and hope it will continue many days.
thanks.