Why the sudden Bitcoin? Analysis

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Avatar for nelsonsp1
3 years ago

Regarding this issue of the Bitcoin increase, it's been observed that important Banks and Companies are investing and entering fully with the Bitcoin buying large amounts, this action clearly increases the offers and demands this makes more scarcity of Bitcoin which translates to a brutal increase of the bitcoin.

Taking the example of MicroEstrategy, which has invested around $450 million in the last three months, it has made over $110 million in profits, which makes it look good for other investors to buy Bitcoin.

On the other hand, Herman Tés says that the USA is also having a great interest in buying and managing cryptoactives, this in spite of its "Digital Dollar".

Refuge value.

The U.S. elections are uncertain.

So while the world holds its breath to see what will happen at the White House, the world protects itself by buying Bitcoin.

In this short analysis, taking into account other factors to be analyzed, we could say that this is one of the reasons that are influencing the increase of Bitcoin.

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