Most analysts believe that the Covid-hit year is responsible for the revival and meteoric rise of the digital currency. Many Bitcoin investors have said that the pandemic-hit year offered a perfect environment for the cryptocurrency.
Analysts believe there has been a growing acceptance for the digital currency in the current year as traditional currencies and assets took a pounding due to the global economic crisis. Bitcoin’s valuation has also soared as many big brand investors and companies have also stockpiled the digital currency.
Analysts believe there has been a growing acceptance for the digital currency in the current year as traditional currencies and assets took a pounding due to the global economic crisis. Bitcoin’s valuation has also soared as many big brand investors and companies have also stockpiled the digital currency.