Bitcoin seems to have recovered from the recent crash and is trading in the backlog. Meanwhile, a famous trader explains why Bitcoin (BTC) is worth buying.
Although the coronavirus outbreak has erupted and Bitcoin has recently collapsed, BTC has been performing better than S&P 500 since the beginning of 2020. Some Bitcoin critics, like Peter Schiff, continue to rely on Bitcoin.
Crypto analyst and trader MMCrypto said there is no need to wait for the price to drop to $ 3,000 to buy Bitcoin, and even these levels of Bitcoin are worth buying.
Trader MMCrypto says it is now a good time to buy Bitcoin because it states that BTC is in a much better position compared to when the price peaked at $ 20,000 in 2017. According to the analyst, the basics of BTC have improved, meaning the hash rate has increased significantly, the number of miners and developers has increased. MMCrypto also said that the traditional financial system has become more imperfect.
https://twitter.com/MMcrypto/status/1243794749401645056?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener noreferrer
Earlier this week, the US Fed announced that it would press $ 6 trillion under the name of economic measures and distribute Americans $ 1,200 per person until the coronavirus outbreak.
Peter Schiff, known as Bitcoin critic in Anthony Pompliano’s latest podcast called “Off The Chain,” said that the newly printed USD will not have the power to buy. Peter also stated that the results of this coin will be much larger than the impact of the 2008 crisis.
In his previous tweets, Schiff wrote, among other reasons for the current recession, that the cash pressed by the Fed before the 2008 crisis provoked the financial crisis that had not yet begun.
https://twitter.com/BTC_Macro/status/1243695546969145344?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener noreferrer
Another popular analyst, ‘Bitcoin Macro’, believes BTC will fall below $ 6,000 soon. Bitcoin is trading at $ 6,130 at the time of writing.
Mining on RTX 3070. Overclocking, tuning, profitability, consumption: If you are interested in finding more…
Mining with GTX 1660, 1660 Ti, 1660 Super. Overclocking, settings, consumption, profitability, comparisons - If…
Mining with RTX 2070 and 2070 Super. Overclocking, profitability, consumption, comparison What the RTX 2070…
Mining with RTX 3060, 3060 Ti. Limitations, overclocking, settings, consumption, profitability, comparison Let's look at…
Alphacool Eisblock Aurora Acryl GPX-A (2022) with Sapphire Radeon RX 6950 XT Nitro+ Pure in…
In the ever-evolving landscape of business strategy, Bitcoin has emerged as a pivotal asset. With…
This website uses cookies.