Much has been said about the creation of Satoshi Nakamoto so far this year. After the cryptocurrency reached its historical maximum during the month of April, today it registers a value that is around 34,000 USD. However, as Rohan Jethi suggests in the tweet of the day, Bitcoin is a giant that is only asleep.
The growth of Bitcoin
At the time of writing, Bitcoin is a behemoth that is worth $ 33,900. This is a considerably lower figure to look at in mid-April, when it was above $ 64,000. And it must be remembered that the currency has been subject to strong regulations by the Chinese government, and some moments of controversy by Elon Musk.
Despite this, while all assets exhibited erratic behavior during the COVID-19 health crisis, Bitcoin maintained sustained growth, becoming an instrument of custody and protection for many, even above precious metals such as gold and silver.
During the crisis, Bitcoin managed to slip into an economy in realignment, an element that popularized it within banking and financial institutions. It is worth saying that there are many companies that continue to make bets on the cryptocurrency, among the most recent is the Soros Fund Management, LLC, which has been studying the behavior of the cryptocurrency in recent months.
«BNB was quietly built during the bear race and is being quietly built during the bull race. It is essential in your FACTS portfolio».
In sum. As Rohan Jethi shows in the tweet of the day, Bitcoin is a sleeping giant that tends to build quietly, growing at times when it is least expected. It is worth saying that the Bitcoin phenomenon seems to be too big to go back in these instances, this being the reason why Bitcoin seems to continue to be a mandatory investment for those who want to multiply their income, and for investors who want to continue betting on the future.