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Cryptocurrencies and their popularity
Currently, cryptocurrencies are noting records of their popularity. This is related to the high-value ratings of the largest digital currencies, but not only. In addition to individual investors, institutional investors, including those with global reach, are increasingly expressing their interest. Moreover, cryptocurrencies are starting to be seen as reliable investment assets in case of economic crisis or inflation.
The growing popularity of cryptocurrencies makes international giants start to enter this market and provide products and services based on this system. The international payment card provider, MasterCard, is expanding its services in this direction and enabling the transfer of digital assets in its structure. This is one of the most important developments that could affect the dynamics of the crypto market. The services will cover around one billion card users.
Such a move by the giant is argued by the growing demand for digital currencies and related services. At the same time, it is the best proof that the whole sector is becoming widespread and starting to level up with the traditional financial markets.
Tesla and Bitcoin
Tesla also counts itself among those who see Bitcoin and the crypto sector as the future. The more than $1.5 billion invested in crypto by Elon Musk and the enabling of purchases using BTC are some of the driving forces behind the currently favorable market situation.
Dynamic growth of Bitcoin
The traditional global financial system is gaining a stronger competitor. The year 2020 has significantly accelerated the development of the crypto sector, but it is worth bearing in mind that this is just the beginning. Therefore, according to many analysts, this is the best time to get interested in digital assets. Experts predict a dynamic growth of Bitcoin price to $100,000, $300,000, or even $1 million.
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Smart Trade Coin Team
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