Bitcoin is Soaring in 2023

Still doing very well

Gal Mux

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Screenshot by the author

Bitcoin began 2023 with a bang!

It’s mid-March and at its $27,000 price, it has almost doubled in value since its $15,000 low at the beginning of the year.

In the past week only, it has risen almost 30 %.

Many traders and holders are almost doubling their investment in the past 3 months. Those using margin have doubled it +.

The recent crash of Silicon Valley Bank had a positive income on the crypto industry and Bitcoin in particular as as some people raised their concerns about the banking industry, others saw the decentralized crypto system as a solution and put their money into it bringing prices up.

Also, with governments constantly printing money which increases the supply of money in the economy leading to inflation, many feel distraught about the future value of their fiat currencies.

Many securities and digital currencies have been experiencing a tough bear market for about two years now but Bitcoin and many other coins seem to be on a recovery at the moment.

Some experts and enthusiasts predict that the king of crypto could continue rising for the next few months reaching highs of $50,000 even. It is also predicted that its price could reach $100,000 before 2027.

The high volatility of crypto may put many people off as it falls as sharply as it rises leaving some investors with losses as much as it brought others profit.

Caution is therefore key before one decides to invest in any digital currency. Knowledge is also super important as doing research at a personal level helps one make informed decisions.

Are you interested in getting some Bitcoin especially at its current rise?

Make sure you create a Binance account today and acquire yourself some. You will receive $300 worth of free crypto. Remember to verify your account as soon as possible to receive maximum benefits.

Make sure you don’t miss out on this!

You will also be interested in…

1. How to make $100 a day trading crypto

2. How to trade cryptocurrency on the spot market
3. 
How to trade cryptocurrency on margin with screenshots
4. 15 Frequently asked questions about crypto trading

This story also contains the opinions of the author. It is intended for guidance and informational purposes only and should not be taken as professional advice. Please do your own research.

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Gal Mux

Lover of all things reading, writing, farms & gardens, 🥭&🍍salsas, laughter, crypto, MJ & Beyoncé. https://www.buymeacoffee.com/GalMux