Bitcoin, the most popular cryptocurrency in the world, has made its first big rise since the bubble exploded in 2018. The currency has exceeded its stable value of five thousand dollars and, for the first time since its great fall, has revalued. The cryptocurrency has risen by 3%, which could mean an epic return or the premonition of another economic bubble.
“The sudden rise of the Bitcoins has worried the public that fears for the appearance of another bubble.”
The concern has appeared after GTI Global Strenght, a tool that analyzes the rates of cryptocurrencies, will detect the rise in prices of Bitcoins. However, more than cheering the experts and investors, the sudden rise of Bitcoins has disturbed the public that fears for the appearance of another bubble with catastrophic end.
The worry about his fall is logical if one considers that, in the past, the currency has suffered similar patterns where it is going through a rapid rise followed by multiple weeks of devaluation. This is extremely damaging to those who trade in the currency and, in addition, destabilizes its value in the market, taking away credibility with investors.
Although this rise has seemed sudden the truth is that the currency has been giving evidence of his return since last month.
Proof of this is the increase in the profits of the miners, who since March can get up to 39% profitability. The improvement of the equipment of the miners and the stable growth of the currency in the last months could be the reason why this increase in the value of the Bitcoins has been registered.
However, for the time being, the real reason behind the revaluation of the currency is unknown, regardless of the theories that have arisen in this regard. In this sense, many investors and advocates of Bitcoin have taken the rise as the end of the great crisis that went through late last year. However, at the moment it is difficult to see a specific origin of the increase and any attempt to do so results in speculation.