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28
Dec, 2020

New Christmas Surprise from Bitcoin with New High Levels

Christmas is a calm period for the financial markets as they enter the ice age for a short-term period. This didn’t happen in Bitcoin’s case as it starts another uptrend, reaching in some crypto exchanges the $28,000 point.

 

The new uptrend shows that the institutional investors’ participation in the market has driven the price in new forms and paths, as the supply of available bitcoins for new investments are much smaller, creating more scarcity, a positive fact for the price development.

 

In parallel, a lot of macroeconomic data, especially in the money supply in larger economies like USA and Eurozone, create surplus quantities that will lead in inflation in the future. On the other side, the deflationary nature of Bitcoin gives a solid answer to that and creates a new ecosystem for monetary views that could come into surface in the next years.