The forecasts for the end of the year 2021 were that Bitcoin would reach a value of Hardware and Software Wallet Types around 100,000 dollars, but, unfortunately, it could not achieve it, closing the year 2021 with a decreased value compared to those reflected in previous months.
This trend continued at the beginning of this year 2022. It registered bearish movements that made more than one investor tremble for more than seven consecutive days, but if something characterizes this leader of cryptocurrencies, it is his volatility.
So the race to break the $39,000 limit began again.
Bitcoin trajectory
At its creation, a bitcoin had a value equivalent to less than USD 1, but its popularity and positioning made it worth around USD 20,000 by 2017.
Bitcoin is the original cryptocurrency that gave way to a new digital economy where the intervention of third parties is not part of the decentralized scheme of the Blockchain platform that houses more than 8,000 cryptocurrencies.
The first transaction carried out under the Bitcoin exchange modality was the transfer of 10 BTC from Satoshi Nakamoto’s wallet to Hal Finney’s, which could only be evidence as proof that could transfer balances.
Then, in 2010, made an operation to purchase two medium-sized pizzas for the sum of 10,000 bitcoins, an amount that none of the parties involved imagined would be the highest price today for a couple of pizzas, which at that time were equivalent to USD 30.
It has been considered the first monetary operation with Bitcoin in the history of cryptocurrencies through a digital currency.
Today many users and transactions are made through cryptocurrencies, mainly Bitcoin.
Consequently, corporations, investors, and ordinary people want to protect their savings, the global economic environment is even decapitalizing more than one.
That is why even the volatility of Bitcoin in terms of its price always points to upward trends, which is why it has more followers.
Factors that influence the value of bitcoin
Financial factors are the leading players in the value of the digital currency; scarcity, supply, demand, daily news, market trends, and the opinions of large investors influence any investment that can generate in this environment. However, financial entities have made a considerable effort to be friendly with cryptocurrencies in recent years. Where majors like Visa and MasterCard are accepting cryptocurrency transactions.
On the other hand, the political environment where Presidents openly support the possibility of working with a digital market where cryptocurrencies will govern the economy of their countries has caused a stir, notably influencing the value of BTC.
The comment has often arisen that created BTC intending to dispel inflation and its effect on traditional markets, but apparently, it has managed to penetrate the digital currency market.
Not directly under the inflationary figure, but as the fiscal or political measures taken by the executives of the various countries and powers of the world.
Many critics assume that the crypto environment is not healthy for the world economy; consequently, they consider that these markets are manipulated on a large scale.
Conclusion
It is important to note that the long-term profit margins generated by investments in Bitcoin are what keep its followers active.
To the point that despite having downward trends, investors continue to deposit their capital in such a prestigious digital currency, where the confidence that its value will have a different and positive movement for their balances is what keeps them anchored to this type of digital economy.
Although its value is currently notably affected by many of the economic measures generated by the United States, this does not mean that its value will remain stagnant.
Even BTC has begun to move with an upward trajectory in a not very high proportion, but it does indicate that it will stabilize to resume its closing value of 2021 and even higher values.
All investment requires a preliminary analysis, so before investing in any cryptocurrency, we must consider the variables around it so as not to run the risk of losing our capital.
Financial preparation is necessary before issuing any judgment on the digital market, even if you are the most outstanding economist; this is to avoid any situation, even fraud, where the only person responsible is the investor.
The platforms are purely informative; the user establishes the investment strategies.
