Bitcoin surpasses $ 53,000 after Musk and becomes one of the top 10 assets in the world
Bitcoin manages to take a further sprint after the words of Elon Musk who considered it "Less" Str … a "than cash", a term that we could translate by softening it, as stupid …
The results are as follows:
Bitcoin has also exceeded $ 53,000, hitting 55,000. We are currently facing one of the 10 largest investment assets in the world:
After Gold, after Google, after Microsoft, Bitcoin is in eighth position, well above Warren Buffet's Berkshire Hataway, which has always attacked virtual currency, and above Tesla and Tencent. All this took place despite numerous attempts by the financial system and banks to take it to the bottom with warning signs. The latest of these attempts was made by the analysts of JP Morgan, also helped in Italy by part of the press. These experts state that the Bitcoin boom is linked, from the liquidity point of view, to Tether so if there was a problem with the stable coin, it would reflect on BTC. In reality, Tether is used, above all, for trading activities and, no matter how many doubts you may have, and have had for years, this does not particularly affect Bitcoin. In the event of disposal, in fact, it would not pass through Tether, but directly from the account accounts and in any case a part of the liquidity would move to the other stable coins first and to other cryptocurrencies later.
This doesn't mean, of course, that Bitcoin isn't over-inflated. Fears of inflation on fiat coins push cryptocurrencies with a deflationary basis, such as Bitcoin. However, this does not mean that market conditions can change, so the utmost caution is always recommended
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The Bitcoin article exceeds $ 53,000 after Musk and becomes one of the 10 best assets in the world comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/bitcoin-supera-i-53-mila-dollari-dopo-musk-e-diventa-uno-dei-10-mggiori-asset-al-mondo/ on Sat, 20 Feb 2021 07:00:03 +0000.