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Author Topic: Bitcoin main reasons for the return of the bull market in 2021  (Read 309 times)

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Online robertsmarkTopic starter

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Bitcoin is useful and The main reasons for the return of the bull market in 2020/21 are the following
  • The may 11, 2020 halvening created a supply shock where the amount of mined Bitcoin dropped from 12.5 BTC per block inflation to 6.25 BTC block inflation . As you can see with the 6 month delay in the July 9, 2016 halvening creating the 2017 bull market this scarcity takes time to set in which would indicate we are just at the start of the bull market
  • New institutional investors from square, MicroStrategy , MassMutual hedging part of their portfolio in Bitcoin
3) Fear of higher taxes due to economic stimulus packages and over spending causing capital flight into bitcoin to avoid taxes and inflation
4) More adoption from retail investors and liquidity options to invest in bitcoin




mycryptoparadise.com


Offline Beiji Cratos

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Re: Bitcoin main reasons for the return of the bull market in 2021
« Reply #1 on: March 25, 2021, 08:44:43 PM »
I guess that one of the main reasons is the policy of Quantitative Easing by the American government. This money flow go partially into cryptomarkets and partially into Forex and that is great :) In several recent years I started to pay more and more attention to Forex trading just to minimize my risk since I don't want to deal only with crypto assets. If you want to do the same I would recommend to start with this article https://libertex.com/blog/what-forex-and-how-trade-it.
« Last Edit: March 31, 2021, 08:39:06 PM by Beiji Cratos »

Offline mlawson71

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Re: Bitcoin main reasons for the return of the bull market in 2021
« Reply #2 on: March 28, 2021, 10:15:11 AM »
Mainstream businesses are embracing Bitcoin at a surprising rate, that will certainly affect its price, I think.


 

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