Hello Friends,
The last day is great for Bitcoin and I think that we need not explain the reason. It is obvious that Bitcoin has grown and its price is more than 71,000 U.S dollars. All the Bitcoin holders must be happy and when Bitcoin is on the rise altcoin also follows the same. We can expect that if this rally continues then altcoins will also start growing after some point in time.
I have seen this type of price appreciation this year but I don't know if this is the start of a bull run. I have never experienced it because I'm new in this market. Even though this market I have discovered last year and it's been more than one year. But I still feel that there is a lot to learn from me and I consider myself as a new person or newbie in this market. Once I go through one bull run cycle then I think that I can consider myself to be some old person or experience in the market. I am expecting that the bull run cycle is going to be a learning full experience for me.
You can see the price in the snapshot for Bitcoin. The 24-hour volume is more than $47 billion and currently, the market cap of Bitcoin is $1.41 trillion. All these numbers are so big and the increase is almost 4% in a day. All these statistics are looking good and overall in a year, Bitcoin has given a return of 106% which is amazing. I live in a country where the fixed deposits are paying the returns of about 6% which is annual and with Bitcoin people have made 106%.
I think that this is great and no asset can compare or give better returns than Bitcoin or crypto so this is the reason why it is the best asset class for the investment. It is also risky like many others but risk management should be taken care of like many other assets. Risk is there in every asset class and even in mutual fund risk is there so technically there is no investment without any risk appetite.
Enjoy the ride of Bitcoin and grab if it possible because if the price goes further up then your investment will also turn out to be profitable. This is not financial advice and just a thought that I shared so go through the market and enjoy the market momentum.
Thanks for stopping by
