This year was like a roller coaster ride for Bitcoin (BTC). According to most investors, the road to halving should have been smooth, however, the coronavirus crisis has prepared other plans for us. Bitcoin and other traditional markets have problems. However, it seems close to better times. The economy is booming and there is growing optimism through the sectors. Will Bitcoin jump on this wave?
The end of the coronavirus crisis: The economy and traditional markets are optimistic
The Bitcoin cryptocurrency boom is expected by many investors due to the approaching halving. With the help of historical data, we know that halving is able to create bubbles almost immediately thanks to FOMO.
The problem arises with the very state of the market, which has matured considerably. There are many more investment opportunities and tools than in 2017. Thanks to this, we can expect rather more stable growth, because huge investments with leverage can easily affect it.
Data from Google Trends shows that Bitcoin has reached everyone’s subconscious. Searching for terms around halving is 16% more frequent than it was in 2016, when the last one took place. However, we should not expect huge crazy runs. The market has simply matured and is ready to compete with stocks or join the ranks of gold.
And what about you? Do you use options, futures or other advanced derivatives?
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