Among the world’s analysts, many believe that investing in bitcoin now, you need to understand that this is a long-term investment.
Experts recalled that during the fall of the stock market, BTC was also in a state of turbulence. The coin collapsed from $8,100 to $ 3,800.
In April, the cryptocurrency regained its position, rising to $9200.
Since the beginning of the year, bitcoin has risen in price by about 27%, and in this regard, Bitcoinfrex Analytics recommends that wallet owners understand that BTC is a tool that is worth investing in on the bitcoinfrex.com exchange on its long-term strengthening. The strength of the cryptocurrency is that it is not subject to inflation due to limited issuance.
Compared to Fiat currencies, bitcoin can be of much greater value to investors.
Bitcoinfrex warns that the bitcoin exchange rate is changing under the pressure of the situation on the world market. If the economic situation starts to deteriorate, then traders will exit BTC.
Now the situation in the economy is stabilizing, and capital is returning to the cryptosphere. Bitcoinfrex advises traders to form behavior tactics taking into account the situation in the global economy.
Bitcoin has huge potential. Investors invest between 2% and 10% of their capital in cryptocurrency, depending on their risk appetite.
On Tuesday, June 30, bitcoin is trading just above $9166, its capitalization has grown to $168.835 billion over the past 24 hours.