Bitcoin has been experiencing a price hike lately as it broke above $88,000 on Monday. I didn’t see that one coming though. As at yesterday being Wednesday, the coin also broke above 94k and that had been the highest price the coin reached since the ending of March. It is currently at $93k according to CoinMarketCap.
The Crypto news report has it that about $97 million was liquidated in shorts on Monday. This action was as a result of President Donald Trump’s comment towards the Chairman of the Federal Reserve Jerome Powell due to the president’s previous warnings that interest rates should be reduced by the Central bank.
Now that Bitcoin is at $93,436.66 , could it be that the Bull run is fast approaching? The coin has been up 0.47% in the last 24hours. IMO , this is still a fair time to invest in Bitcoin as the price might be on its way to $150k soonest.
I also know my Cryptofolio will be bubbling when the bull run arrives as most shitcoins will have value by then and people who didn’t believe in Crypto or blockchain technology will now want to jump on the Cryptospace.
To invest in Bitcoin or any other cryptocurrency, you need to be a risk-taker and you must only invest what you can afford to loose. I believe in long-term investment especially with Bitcoin because it has potentials and is also leading the world to the right direction.
This is not a financial advise!