Posted on: June 5, 2021 Posted by: Betty Lee Comments: 0


A buyer makes use of a bitcoin automated teller machine (ATM) in a kiosk Barcelona, Spain, on Tuesday, Feb. 23, 2021.

Angel Garcia | Bloomberg | Getty Photographs

Bitcoin was initially created to be like digital money, nevertheless it’s real-world use case has developed since its inception. Greater than something, buyers are shopping for it now as a speculative funding.

The worth was sitting at $37,100 as of Friday afternoon and has been struggling to rebound to its Could highs after Tesla CEO Elon Musk started transferring crypto markets, sending bitcoin decrease. The cryptocurrency is the most important by market cap, which is $693 billion as of Friday, in accordance with Coin Metrics.

Traditionally, bitcoin’s demand has been pushed largely by retail buyers, however that narrative modified late final yr as huge buyers and establishments started reconsidering their positions on it. Bitcoin has all the time and continues to endure from reputational points which can be laborious for it to shake, largely due to its newness and subsequently the dearth of information or historical past to assist its raison d’être.

For those who’ve gotten caught within the confusion and misinformation round bitcoin, listed below are the important thing issues to give attention to when you’re contemplating bitcoin to your portfolio.



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