The recent Bitcoin price surges were doubtlessly attention-grabbing. After hitting above $40,000 in the first half of January 2021, it has soared past the $57,000 mark in the third week of February, resulting in a market valuation of over $1 trillion.
The price of Bitcoin is usually influenced by a confluence of factors. Sometimes, even a personal opinion can have serious impacts on prices and make them crash or skyrocket. If a person is important enough.
Despite blockchain technology being nascent, it has already seen wide adoption in various fields outside cryptocurrency. The pharmaceutical industry is currently exploring the tech to improve its performance and add value.
Institutional investors have been redundant to make risky investments like cryptocurrency. But following the widespread embracement and adoption of digital investments including Bitcoin (BTC), investors have significantly developed an interest in this nascent kind of assets.