How do you become a millionaire in a month? World’s Best Investment by Investing.com

Investing.com – Traditional investing appears to have been held back by the investment models imposed by the digital revolution, which has come to dominate all aspects of economic activity.

Investing in its traditional sense and realizing returns and profits at variable rates that exceed bank returns, or even increases in profits an investor can achieve from stocks.

It all diminishes and fades away with the crazy leaps an investor makes in this cryptocurrency.

The new, the currency of the future, the currency master, the dollar competitor, are all faces and names of the same thing, Bitcoin, which has driven the currency and metals market crazy with its price jumps.

After deep stability over 3 years, it returned to its highest level in three years when it hit $ 20, which was then its highest level on record.

To answer this question, anyone who owned 50 on December 1, 2020, worth $ 15.3 thousand per bitcoin, then his fortune increased this morning by more than $ 20 thousand, that is, say he became a millionaire within a month.

Bitcoin rose from levels of $ 15.3 thousand since December 1 to new highs on Wednesday morning when reaching the level of $ 35.8 thousand.

U.S. investment bank JP Morgan said yesterday that the digital currency Bitcoin has become a competitor to gold and could reach $ 146,000 if established to be used as a safe asset.

Bank analysts added, Bitcoin competition with gold is already on our minds.

Analysts at JP Morgan (NYSE 🙂 reported outflows of $ 7 billion in gold and over $ 3 billion in inflows to a digital currency investment fund.

Analysts at the bank added that, given the size of the financial investment in gold, its removal as an alternative currency means a significant increase for Bitcoin in the long run.

Analysts added that Bitcoin is likely to outperform gold as millennials become a more important component of the investment market over time.

With Bitcoin’s market value hitting $ 575 billion, the bank’s note added, the currency’s price would need almost five times as much to hit $ 146,000 per currency.

This is the value of private gold wealth in the form of bullion, coins or exchange traded funds.

Interest in the world’s largest digital currency has increased this year, with investors viewing Bitcoin as a way to hedge against inflation and an alternative to the depreciating dollar.