Cryptocurrency Boom Town 2021?

Today at this point in time, 1 Bitcoin (BTC) is USD$ 56,132.90, and it has been going up to upper tiers of USD$ 61K and having pullbacks to USD$ 50K+ over the last few weeks and months.

21 March 2021 Bitcoin Price
21 March 2021 Bitcoin Price

It seems to be testing the all time high (ATH).

There are lots of anticipation following buy-ins by larger companies such as Tesla and institutional investors (just google search institutional investors buying bitcoin), which leaves lesser and lesser number of actual available bitcoins to go around. This has two fold of results that drives bitcoin price up (and staying up):

  • signalling that big boys institutional investors are condoning / approving cryptocurrencies
  • stabilizing higher highers and higher lows because there is just less number of bitcoins being traded actively

These two factors make bitcoin even more desireable and stable.

I’m excited to see how far bitcoin and cryptocurrency will go. If you’re interested, it’s very easy now to invest / speculate into cryptocurrency – my #1 app is via Crypto.com App – everything is available via your mobile =)

Remember, cryptocurrency can fluctuate greatly, so put in only what you can afford to lose, dont day trade and dont sell your home for it.

 

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