Bitcoin Exceeds the $ 15K Level!

Bitcoin Exceeds the $ 15K Level! Bitcoin exceeds the $ 15K level. BTC price surpassed the highest level since January 2018 on the course of volatility caused by uncertainty in the US elections; At the time of writing, it increased by 9 percent to $ 15,200. According to the report compiled by Reuters, investors hope that more central bank support will increase the value of digital assets to enable economies affected by the coronavirus outbreak to recover. In the presidential election, the Democrats presidential candidate Joe Biden, was short on victory over Trump, while the most important cryptocurrency has risen over 10 percent since the start of the presidential election. World technology stocks and bond markets also continued to gain on Thursday. Anthony Pompliano, co-founder and partner of the crypto investment company Morgan Creek Digital Assets, stated the following in his statement on the subject: “Bitcoin is the biggest winner of the current macro environment. As we saw in the 2008 liquidity crisis, inflation hedging assets work very well when they come into play with the Fed's monetary expansion.” The Bank of England included £ 150 billion ($ 195.20 billion) in its asset purchase program on Thursday. However, it is expected that the Federal Reserve will later signal that it will do its best to support the US economy. Digital payment company PayPal has announced that it will enable purchases with cryptocurrencies on its platform. Following this news, Bitcoin has been gaining value for the past few weeks. The news on the subject supported the long-standing expectations that Bitcoin and its competitor cryptocurrencies could become a more affordable payment method.   Hopes Are Rising That Bitcoin May Increase Price Bitcoin investors are also highlighting the hopes for greater clarity on the rules for cryptocurrencies from global financial regulators and the increased adoption of mainstream financial firms. Dave Chapman, a Hong Kong-based executive at OSL, known as a cryptocurrency broker, said: “The once denied asset is now accepted by traditional finance. It's going nowhere and regulatory clarity has now been achieved globally. ” Rallys are not an uncommon occurrence for cryptocurrencies, and equally drastic falls in general follow the rallies. Bitcoin price also exceeded $ 20,000 in December 2017 and lost 50 percent in the next month. David Gerard, cryptocurrency expert and author of a new book on Facebook-led crypto currency Libra, said: “Bitcoin does not act for macroeconomic for reasons such as monetary expansion or real investor decisions. The market is weak and manipulated; every price change is explained entirely by domestic market problems.”