It’s been a busy period for the crypto economy. Details about Facebook’s long-awaited cryptocurrency brought significant attention to the industry as a whole and created anticipation that markets could move higher.
Bitcoin price surged above €11,000, its highest value in over one year. Investors are scrambling back into crypto assets such as bitcoin and other alternate tokens, over optimism that they are becoming widely accepted and adopted mainstream entities.
The price surge is due to many factors. Some say that the rise is due to bitcoin being increasingly seen as a safe-haven asset, rather than a speculative investment. There’s a broader understanding of crypto as an asset class, anticipation that next generation of blockchains, including what we’ve heard of Libra Association, really indicates what is ultimately going to be a massive mainstream phenomenon touching billions of people.
Read the full article in Times of Malta.