The prices that cryptocurrencies can reach depend on a series of economic factors that govern decentralized finance, which are far from the scenario in which speculation and investor confidence are decisive. Although many detractors of cryptocurrencies did not expect it; its main representative, Bitcoin, has reached the record figure of twenty-nine thousand dollars. This as reported by Reuters.
This is the first time that the price of this cryptocurrency reaches these levels, thus quadrupling its value given the variance of interest on the part of large and small investors. In this way, the most popular cryptocurrency managed to peak at $ 29,300 before declining by 0.67 percent.
This would demonstrate the potential of Bitcoin to generate quick profits, as well as the increase in expectations that it will be used as a means of payment in a popular way, has made the demand of large American investors increase, as well as that of traders that usually stayed true to equities.
