Millennials are turning to alternative investment options such as gold as a safe haven after their money was screwed by deep drops of the stock market in 2020. However, cryptocurrency is still their number one choice.
The past 12 months have not been a bullish trading period in the market of cryptocurrency. Most popular cryptocurrencies including Bitcoin Cash, Stellar, 0x, Enjin Coin, Algorand, Zcash, Bitcoin Gold, Dash, and many others, were not favored during this Covid-19 pandemic period.
Sean Ono Lennon, the descendant of the legendary John Lennon of the Fabulous Four from Liverpool, has become an official supporter of Bitcoin. He has joined the bunch of celebrities favouring cryptocurrencies.
Many governments as well as citizens remain cautious about cryptocurrencies as they lack awareness and understanding of their nature. However, history proves that digital currencies are just another form of money like shells or silver coins with the only difference that it cannot be touched for the first time ever.
After many Bitcoin traders experienced financial markets for the first time, they came to love the thrill of the trade, and how it feels to book each profitable position and show success for their skills gained over the years.
If you ever thought only gold, diamond, or oil were found underneath the ground, you might be wrong in the 21st Century world as recent cases of bitcoin mining have proved that crypto mines equally do well underground. Chinese police have discovered an illegal Bitcoin mining farm beneath a cemetery.
Goldman Sachs, the leading global investment banking management multinational firm, is set to host a client call to discuss Bitcoin, inflation, and gold on Wednesday, May 27, at 10:30 am EST according to a leaked invitation letter shared on twitter.
A weighty Bitcoin (BTC) transaction was conducted on April 10, which has caught the attention of digital asset whale watchers and the entire crypto asset community at large. A BTC address recently moved around 146,500 BTC (worth approx. $1.1 bln at the time of transaction) in a single transaction.