Bitcoin, four reasons to be optimistic
The price of Bitcoin continues to rise and recently climbed over the $ 8,000 mark. As explained by Chris Kline on Forbes, it happens for the first time since past May. In addition, billionaire investor Marc Lasry told CNBC that the price could reach up to $40,000.
The author of the article shares this forecast, he matches this increase to greater regulatory transparency on the theme and lists four reasons why investors should be optimistic:
1. Bitcoin ETFs will attract new investors: trust on the request to the Securities and Exchange Commission (SEC) to open the world’s first Bitcoin ETF
2. Mastercard’s new patent to improve the speed of cryptocurrency-related transactions with accounts that can make cryptocurrency operations directly
3. Institutional adoptions: this is a constantly increasing trend
4. Positive influence of the blockchain: the number of transactions surpassed at least 230,000 on-chain transactions per day. This number is increasing.