For the time being, Bitcoin is in a bull market. However, an article published by Forbes ensures that the next stop is 11.000 dollars. Discover the reasons. In accordance with this article are two things that are driving this perspective. In first place we have the Coronavirus. According to the article this virus is generating a demand for BTC in order to protect the assets of investors in the event that the financial market normal can be affected by what happens in China. The second is one which we have already spoken extensively in CriptoTendencia. This is nothing more and nothing less than the halving, or reduction to the half of Bitcoin, expected for may. This event will reduce the reward of the mining to 6.25 BTC to 12.5. The idea is that this will cause the Bitcoin worth twice what it costs now. Maybe you do, maybe not, but certainly will not make the BTC is cheaper and if the demand for this criptomoneda is constant, will cause the price to rise with time.
Can you reach beyond 11,000 dollars?
If, and Forbes ensures that it will be very exciting. An additional detail that caught our attention is that for these moments the inflation is the same in the U.S., Europe, and the United Kingdom: the U.S. 1,9%; EU 1,93%; United Kingdom 1,94%. According to the article this reveals that this block is synchronized on the monetary policy at a time controversial. This event can have a variety of consequences that must be weighed for weeks, as well as investment opportunities. However, the interesting thing for Bitcoin is that after the reduction to half of the inflation rate of BTC will be close to 1.83%, according to Forbes. There are many forces that drive the inflation in the price of the asset, but the best yields are obtained from the assets that are endless. Bitcoin has a supply finite and the consequent upward pressure on prices is going to be enhanced by the new offering being less than inflation and significantly less than the overall growth actual 3%. Whatever the outcome, what seems to indicate the weekly chart is that Bitcoin maintains a performance capable of maintaining optimistic to many. Another factor on which we must also keep an eye on is the activity of the whales crypto. If you like you can check the last report that we did about it. Graphical weekly Bitcoin With the peaks that are observed, we see that in less than 24 hours has increased and has remained above USD 10,000. Now one would have to see how feasible it is the vision of the article, Forbes cited here. The following two tabs change content below. A degree in Liberal Studies from the Metropolitan University. Lover of innovation and a believer of the technology for the future.