Listen to this story

--:--

3:06

Bitcoin surpasses $ 50,000 again towards the moon?

Andy Vilchez
3 min read

The volatility of bitcoin is present once again and we have seen how it has climbed more than 10,000 dollars to more than 54,000 dollars.

Bitcoin price

If you invested in bitcoin a couple of days ago, you will surely be happy, as bitcoin jumped to over $ 54,000. This has not been the maximum price of this coin, since a few months ago it was located at more than 60,000 dollars.

However, at the end of September, the cryptocurrency was priced around $ 40,000. However, due to recent events, its price has risen by 35%. But, what is the reason for this increase?

The 3 possible reasons why bitcoin has increased in value

Bitcoin price

Next, we want to talk to you about the possible reasons that have motivated the growth of bitcoin.

The United States will not prohibit the use of bitcoin

In recent statements by the president of the Federal Reserve of the United States, Jerome Powell, he has ruled out that this country follows in the footsteps of China. That is, to prohibit the use of cryptocurrency in the country.

Similarly, the Securities and Exchange Commission has also announced that its use would not be prohibited. This is very good news, and one that has made people breathe easier. Without a doubt, a ban by the United States would be a blow to the cryptocurrency.

The case of El Salvador

Another possible reason that the price of bitcoin has risen is the adoption of cryptocurrency as a legal form of payment in El Salvador.

Obviously, this has made a good part of Salvadorans (3 million according to official figures) have adopted its use. This means that the volume of bitcoin transactions has increased. And of course, this may have positively affected the price of the cryptocurrency.

Soros Found Management announcements

The third option and possibly the most likely is the announcement made yesterday by the head of Soros Found Management. In this statement, he has made it known that the company maintains funds in this cryptocurrency.

As it happened a few months ago when due to statements by Elon Musk, bitcoin was catapulted to $ 60,000, a similar case could be occurring.

This fund of the billionaire George Soros has ensured that they own a "small amount of cryptocurrencies". And this could be the reason why bitcoin has risen.

Will bitcoin keep rising?

Bitcoin price

This is a bit unpredictable, after all, the crypto market is too volatile. However, it will be in the following days that we will know how the market will react.

The most optimistic expect bitcoin to begin its ascent to the long-awaited $ 100,000. However, the most conservative believe that the currency does not continue to rise and stabilizes around $ 50,000. However, there is also the possibility that it will go down again and once again reach the $ 40,000 barrier.

Responses

0 min read

LOST OR STOLEN BTC IS RECOVERABLE BY ULTIMATEHACKER JERRY: 

How To Recover From Fake Cryptocurrency Investment.

Greetings, I'm Dr. David Otto from Mississippi Eye Care, and I trade cryptocurrencies. During my cryptocurrency investments

I was taken advantage of, and $684,000 in BTC was stolen from me. Fortunately, I came across an internet post about a technological GOD: ULTIMATEHACKER JERRY, and I called him and worked with him just to give it a shot. To my surprise, he was able to recover $592,820 of what had been stolen from me, which I had never thought was possible, therefore I opted to share this with anyone who may require such aid, call ULTIMATEHACKER JERRY.

Email: (Ultimatehackerjerry@ seznam. cz)

WhatsAp: (+1 520, 282,7151) 

Website: https://ultimatehackjerry.com

LOST OR STOLEN BTC IS RECOVERABLE BY ULTIMATEHACKER JERRY: 

How To Recover From Fake Cryptocurrency Investment.

Greetings, I'm Dr. David Otto from Mississippi Eye Care, and I trade cryptocurrencies. During my cryptocurrency investments

I was taken advantage of, and $684,000 in BTC was stolen from me. Fortunately, I came across an internet post about a technological GOD: ULTIMATEHACKER JERRY, and I called him and worked with him just to give it a shot. To my surprise, he was able to recover $592,820 of what had been stolen from me, which I had never thought was possible, therefore I opted to share this with anyone who may require such aid, call ULTIMATEHACKER JERRY.

Email: (Ultimatehackerjerry@ seznam. cz)

WhatsAp: (+1 520, 282,7151) 

Website: https://ultimatehackjerry.com

+0
0 min read

BITCOIN SCAM RECOVERY SOLUTIONS - ULTIMATE HACKER JERRYAt Ultimate Hacker Jerry, Have a team of legal cryptocurrency investigators. The team is excellent at conducting extensive investigations. They have advanced software that classifies links between cryptocurrency addresses and entities. It assists in finding similar criminals, fiat on and off-ramps, and mixers.They create and document everything on these servers; in the form of intelligence for law enforcement cases. It helps with Bitcoin Recovery. It also assists in cases of ransomware, money laundering, terrorism financing, narcotics trafficking.

0 min read

BITCOIN SCAM RECOVERY SOLUTIONS - ULTIMATE HACKER JERRYAt Ultimate Hacker Jerry, Have a team of legal cryptocurrency investigators. The team is excellent at conducting extensive investigations. They have advanced software that classifies links between cryptocurrency addresses and entities. It assists in finding similar criminals, fiat on and off-ramps, and mixers.They create and document everything on these servers; in the form of intelligence for law enforcement cases. It helps with Bitcoin Recovery. It also assists in cases of ransomware, money laundering, terrorism financing, narcotics trafficking.

+0