Bitcoin jumped to a record high to touch $66,084
By MYBRANDBOOK
As the Crypto Expo Dubai organised successfully for Investors and Crypto Industry leaders to network and Explore more business opportunities in the Crypto Space, where there were over 8,000 delegates attended the hybrid event, where there were more than 80 crypto industry speakers .
As a testimony, Bitcoin hits a new all-time high of more than $66,000 on Wednesday. Experts says, Crypto is the inevitable future of money and there is clearly going to be advantages for those investors who have exposure early on – in the same way as those who invested in the major internet, online and tech successes back in the day, such as Amazon, Google and Apple, have secured enormous returns.”
The increasing interest in cryptocurrencies globally and the post-pandemic surge in the economy attracted more audiences towards the crypto and blockchain-related events in recent days. The well-organized and most visited event CED2021 concluded successfully today.
In CED2021, there were a lot of industry influencers, markets experts, and Crypto professionals attending, marking CED2021 as a new benchmark in the industry. In addition, featured and interesting cryptocurrency businesses were presented at this event by Sheikh Mana Bin Mohammed Bin Rashid Al Maktoum and Dr Rashid Al Farooq. The event is well organized with all safety precautions followed in the venue and parallelly streamed online, enabling many people to attend virtually at their comfort.
Top crypto companies like Currency.com, Zebpay, B2broker, Regal RA, Smartkey, Koda Finance, Bybit, Localtrade, CoinSwap joined the event and exhibited their offering to the traders and Investors by explaining their features and benefits for every crypto enthusiast.
The deVere CEO says there are there are five main factors that will secure the longer-term upward price trajectory.
“First is the U.S. Federal Reserve saying it has no intention of banning cryptocurrencies. It’s highly probable that other cryptocurrencies will have more stringent regulatory oversight, yet Bitcoin could be viewed differently by authorities partly due to its gold-like status,” he observes.
“Second is the ongoing, mounting interest from institutional investors including Wall Street giants and major payments companies, who bring their capital, expertise and reputational influence to the market.
“Third, is the rising number of crypto advocates and mega influencers like Elon Musk, Jack Dorsey and Cathie Wood who have a clear message: crypto is the inevitable future of money.”
Fourth, the technicals back the prediction. Looking at Bitcoin halving events, over time we’ve seen that values rise substantially in the year after a halving. After the 2012 and 2016 Bitcoin halvings, prices increased by 55 times and 15 times respectively.
“And fifth, cryptocurrencies – Bitcoin in particular – have changed the way the world handles money, does business, makes transactions and manages assets. Investors appreciate the intrinsic value of digital, borderless, global currencies for trade and commerce purposes in increasingly digitalised economies in which businesses operate in more than one jurisdiction.”
He further says, this will only increase as mass global adoption increases. Only last month El Salvador became the first country in the world to adopt Bitcoin as legal tender, and I’m certain many others will follow suit.
TAC Security becomes Cyber Security Assessor for the App Defen
The cybersecurity company, TAC Security has been selected as a key Cyber ...
InterGlobe’s Rahul Bhatia and C.P. Gurnani together announce
In a move that is set to transform the AI landscape, Rahul Bhatia, Group M...
Download masked Aadhaar to improve privacy
Download a masked Aadhaar from UIDAI to improve privacy. Select masking w...
Sterlite Technologies' Rs 145 crore claim against BSNL rejecte
An arbitrator has rejected broadband technology company Sterlite Technolog...
OPTIEMUS INFRACOM
AGGRESSIVE ELECTRONICS MANUFACTURING SERVICES PVT. LTD.
SAMRIDDHI AUTOMATIONS PVT. LTD.
STERLITE TECHNOLOGIES LTD.
Technology Icons Of India 2023: Bharat Goenka
Bharat Goenka is the Managing Director of Tally Solutions. He is well ...
Technology Icons Of India 2023: Harsh Jain
Harsh Jain is an Indian Entrepreneur, the co-founder and CEO of the In...
Technology Icons Of India 2023: Vijay Shekhar Sharma
Vijay Shekhar Sharma is an Indian technology entrepreneur and billiona...
NIC bridging the digital divide and supporting government in eGovernance
The National Informatics Centre (NIC) is an Indian government departme...
TCIL continues to strengthen India with its technology expertise
TCIL undertakes consultancy & turnkey projects in the field of Telecom...
RailTel connecting every corner of India
RailTel is an ICT provider and one of the largest neutral telecom infr...
SATCOM INFOTECH PVT. LTD.
Satcom Infotech Pvt. Ltd is a distribution houses in security in India...
SUPERTRON ELECTRONICS PVT. LTD.
Supertron deals in servers, laptops, components, accessories and is a...
TECH DATA, A TD SYNNEX COMPANY
Tech Data Corporation was an American multinational distribution compa...