Bitcoin is back in full swing and exceeds $ 7,000

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It was a difficult year and a half for cryptocurrency investors. Now the signs are that the bears are forgiven and the bulls back. The Bitcoin rally continues.

  • Bitcoin remains the dominant cryptocurrency. Since the end of 2017, investors have faced significant losses. There are now signs that the

    3.1

    Shutterstock

    Bitcoin remains the dominant cryptocurrency. Since the end of 2017, investors have faced significant losses. There are now signs that the "crypto winter" is over. There are nearly 2,200 cryptographic currencies. According to experts, only a few survive in the long run.

  • A disadvantage of crypto-currencies - not all! - is the huge energy consumption. Crypto-currencies are

    2.3

    UIG via Getty Images

    A disadvantage of crypto-currencies – not all! – is the huge energy consumption. Crypto-currencies are "earned" by computers. China, where electricity is cheap, is dominated by cryptographic extraction.

  • There are Bitcoin ATMs in many parts of the world. On December 17, 2017, Bitcon had reached the previous peak of about $ 19,800. In 2017 alone, the course has been multiplied by twenty. Is the main cryptocurrency making a fresh start towards a record?

    3.3

    AFP

    There are Bitcoin ATMs in many parts of the world. On December 17, 2017, Bitcon had reached the previous peak of about $ 19,800. In 2017 alone, the course has been multiplied by twenty. Is the main cryptocurrency making a fresh start towards a record?

Bitcoin, the dominant cryptocurrency with the largest market capitalization, continues its spectacular rise. In the last 24 hours, Bitcoin has jumped nearly 14%, reaching a solid volume of just under $ 7,230. For comparison: in February, a bitcoin cost about $ 3,400.

It's in the nature of crypto-currencies, fast and just as fast. These roller coasters need strong nerves. What is talking to Bitcoin and others: Payments are increasingly cashless and crypto-currencies offer new solutions – especially for cross-border payments.

Parallel to Bitcoin, "Altcoins" such as Ether, XRP, Bitcoin Cash and other cryptographic currencies recorded gains with double-digit increases from north to north, before profits fell. Total market capitalization reached $ 220 billion, with Bitcoin dominating the market at 58.5%.

The crypto market is still in its infancy

Cryptocurrencies are still a new market, and in many countries regulation is lagging behind in innovation. It is still not possible to keep crypto-currencies such as cash in a bank. This should change as the general public continues to pay attention to digital currency.

Cryptor returns can be phenomenal or simply devastating. The market still has a dubious reputation because of some fraudulent currencies. Gradually, products offering concrete solutions, such as XRP from US start-up Ripple, which wants to revolutionize international payments and already has more than 200 customers in part important, are gaining ground.

Experts predict that Bitcoin will be able to reach a market value of $ 20,000 by 2021, driving the entire market. The forecasts are based on the similarity of price movements over the periods 2011-2015 and 2015-2019.

Bitcoin, digital gold?

Recently, the US star investor Barry Silbert again fired the Bitcoin Rally. The bottom has been reached. It's time to get into "digital gold" of this generation:

"Bitcoin is nothing but the gold version of our generation, it will be a great success and bring great benefits to society," said Silbert. Crypto offers not only benefits in terms of payment, "but also a lot of other things.But it is only another improved version of a class of D & # 039; Assets worth $ 8 trillion, so much the better! "

"Crypto winter" is definitely over, says Silbert. "Our generation of investors will inherit tens of billions of dollars over the next 25 years.The money will not stay in gold."

#DropGold

With a national advertisement titled "Gold vs. Bitcoin Battle", the Silbert Fund Grayscale mutual fund is shaking up the financial market:

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