While bitcoin should be handled with care, investors should use the same investment principles applied to other positions., or FOMO, is the clinical term for buying a security after a meteoric price increase because you don't want to be left behind. There is no known cure for this condition, which has been linked to numerouscaught the attention of investors in 2020 because the price skyrocketed from $7,194 a coin to a peak of $60,360 in November 2021.
The value proposition for bitcoin is that it serves as a store of value because there will only be a maximum of 21 million bitcoins available. When you buy bitcoin, you are exchanging something in abundance, namely a dollar, for something that is scarce, which in this case is bitcoin. First, what do investors believe will happen to liquidity? Or said another way, will the Fed accelerate a campaign of tightening?
In fact, Grayscale's 2021 Bitcoin Investment Survey found that 77% of investors who did not own bitcoin would be more likely to buy it if there were an ETF, and according to a recent Coinbase report,plan to increase allocations to crypto over the next three years. Lo and behold, bitcoin ETFs have attracted over $3.5 billion inWhile bitcoin should be handled with care, investors should use the same investment principles applied to other positions.
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Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »