Bitcoin adoption continues

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In the last year the value of crypto currencies has more than doubled from $203billion to over £500billion with the price of BTC increasing rom approximately $7,000 to over $17,000 According to research there are now over 100 million bitcoin wallets.
No. of active daily bitcoin wallets has reached an average of 1 million.
An estimated 11% of Americans currently hold bitcoin.
The number of wallets holding 100+ Bitcoins reached over 16,000 in October 2020.
The ownership or use of Crypto reported by Statista is global with Nigeria, Vietnam, South Africa, Turkey, Peru, Spain, and China citizens more engaged with this asset class than in the USA
But it is not just individual citizens that are increasingly turning to crypto currencies but institutional asset managers are too with Coinbase reporting that its institutional clients have increased their crypto holding from $6billion to $14billion since April 2020. Firms like Pendal Group in Australia claims it is investing in bitcoin as an alternative to gold. Highly regarded investors are singing Bitcoin’s praise such as Paul Tudor Jones, Bill Miller, and Stan Druckenmille
As with any investment knowing when to buy any asset unless you have a crystal ball is difficult to predict so one way is to save a regular amount. Putting money aside on a regular basis enables one to smooth out the ups and downs buying more when prices are low and less when prices are high. If you had just invested €10 a week every week over the last year your €530 of savings (ignoring fees) would now be worth €986 a profit of 86%
Despite some claims no one knows what will happen to crypto’s prices, but they certainly seem to be gathering more and more demand.


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#Crypotocurrencies #BTC #Crypto #Investments
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Crypto Wallets
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