19.02.202107:20 Forex Analysis & Reviews: A company with 7 trillion funds has begun to take an interest in bitcoin.

The bitcoin rate has come close to $ 52,000 per coin and, it seems, is not going to stop there. We continue to believe that the current growth of the cue ball is speculative. However, there simply cannot be other options. If we talk about more or less fair value of bitcoin, then this is probably the value that is observed during periods of calm. For example, from 2017 to 2020, the bitcoin rate fluctuated between $ 10,000 and $ 13,000 per coin. Now, in just a few months, it has grown more than fivefold. Thus, as in 2017, the hype will end sooner or later, and bitcoin will begin to fall. The only question is, how high will he be able to climb before traders begin to get rid of him? After all, none of the investors is going to keep money in bitcoins, pay with them, and so on. Bitcoin is an investment vehicle where you can make a lot of money quickly. However, if someone earns, then someone loses. For example, the 88 thousand traders who lost $ 570 million in the last jump in cryptocurrency. On the day the cryptocurrency hit its high, breaking the psychological $ 50,000 mark and then crashing down to $ 3,000, many margin positions were closed. Thus, bitcoin is not only a super-profitable instrument, but also a super-loss-making instrument, a super-dangerous instrument due to its very high volatility and unpredictability. The last days are still very calm days for Bitcoin. Elon Musk took a break and no longer comments on Bitcoin, switching to the hype of other cryptocurrencies. Thus, the market urgently needs new reasons to strengthen the cue ball. For instance, it could be news about new purchases of bitcoin by any company. Such companies from time to time declare their intention,

Although interest in bitcoin is still growing, this is a fact. And this fact can also help the "cue ball" rate to continue to grow. It became known that BlackRock, which has $ 8.7 trillion in assets under management, is interested in bitcoin and may transfer part of its reserves to this cryptocurrency. This was stated by its investment director Rick Reader. "Since the technology has developed quite high, bitcoin for many becomes part of the portfolio, which continues to push the price up." Reader also noted that his company does not recommend buying bitcoin or other cryptocurrencies to its clients. However, the company itself wants to follow the lead of Tesla and Micro strategy. Rick Reeder previously stated that he considers Bitcoin to be a much more functional asset than gold. Unlike many who predict the collapse of Bitcoin,