A decade later, the cryptocurrency has hit repeated highs, hitting a lifetime peak of more than US$61,000 in mid-March.Mr Henri Arslanian, global crypto leader at PwC, said there are two main drivers behind the bitcoin rally.
He made his first bitcoin investment in August 2020. Within five months, he said, the value of his investment doubled to nearly US$6,000.Founder Zann Kwan said the company is seeing a surge of new investors. She estimates that right now, more than half are new customers.READ: Tesla buys US$1.5 billion in bitcoin, to accept it as payment for cars soon“Every 10 minutes, you have 6.25 bitcoin that are created. There’s about 700 bitcoin created each day.
She has this advice for such users: “Unless you want to actively trade in it, if you just want to buy it to own some, buy it and just don’t look at the price. Maybe check it out only every few months rather than checking it every hour. Because it can really drive you crazy.” "It really depends on the trust people have in that currency. And that can evaporate even from typical currencies. For cryptocurrencies, probably the risks are higher than for normal currencies.”Mr Lin explains the appeal: “Other than the scarcity, bitcoin is extremely liquid. So as and when I want to buy or sell, it’s extremely simple and I don’t need to go through a bank or broker to do it.
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Bust for sure 💩💩💩🤦♂
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