The Bitcoin recently returned above $ 50,000 in value for the first time in three months. Regarding this new cryptocurrency growth, the comment by Orlando Merone of Bitpanda. According to the expert, the new growth in the value of Bitcoin “is no longer news and this does not surprise us at all”. It should be noted that in the last few hours the value of Bitcoin has again fallen (slightly) below the threshold of $ 50,000, confirming the fluctuations of the cryptocurrency.
Bitpanda’s comment on the recent increase in the value of Bitcoin
According to the point of view of Orlando Merone, this new growth in the value of Bitcoin, which has again exceeded $ 50,000, is not surprising. This increase “It had already happened first in February and then again in both March and April. Among other things, this umpteenth revaluation comes after a 60% growth compared to the July lows. “
Merone points out that Ethereum is strengthening its position and other cryptocurrencies (such as Cardano, Chainlink and Polkadot) are also giving investors great satisfaction. For the representative of Bitpanda “cryptocurrencies are here to stay and 2021 is definitely the year of their consecration as a mainstream reality for all types of investors, both retail and institutional.”
A year to remember
This year for Bitcoin and cryptocurrencies, according to the Bitpanda representative, will be one to remember. Merone concludes: “if the assets take hold in this way, volatility tends to decrease together with the possibility of revaluation, which in any case continues to be greater than any other available asset”