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 Bitcoin Powers Through $30K, Will It Last?

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RR Phantom

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Bitcoin Powers Through $30K, Will It Last? Vide
PostSubject: Bitcoin Powers Through $30K, Will It Last?   Bitcoin Powers Through $30K, Will It Last? Icon_minitimeSat Jan 02, 2021 5:07 pm
It’s 2017 all over again as Bitcoin sees another tremendous surge in value. The cryptocurrency has tripled in value since September 2020. Does the latest move mean it merits a place in your portfolio?
A Store Of Value

Bitcoin Powers Through $30K, Will It Last? 960x0

One of the key attributes of Bitcoin is as a store of value. That’s especially important when the Fed is prioritizing low rates over potential inflation for now, and the government is handing out stimulus checks. These actions could lead to the dollar to decline in value over time. When that happens, as we saw in the 1970s, holding onto real assets can be a valuable investment strategy. Gold, other commodities and a real estate can all preserve their value at times of currency weakness.
Limited Supply

Perhaps Bitcoin can be added to that list. Bitcoin is also somewhat unique in that supply is capped. Generally, if the price of gold rises, then gold miners spend more hunting for new supply, this can moderate price rises over time. With Bitcoin supplies are capped irrespective of price. This is trait Bitcoin bulls favor. When the price rises, there isn’t a natural way to obtain Bitcoin other than to find a willing seller.

https://www.forbes.com/sites/simonmoore/2021/01/02/bitcoin-powers-through-30k-will-it-last/?sh=63a25a482304
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