The price value of this digital currency continues to grow every single day. Several media outlets continue to give the digital currency massive publicity. It is because of this and other reasons the money is soaring. Above all, this is not the case in the past years. Going back a year ago, the bitcoin value was less $2, 000 . In fact, at the last week of December 2016, the price of the BTC is on $800 or less. Twelve years later, the price of the coin is hitting $20, 000. That is a massive growth. Many cryptocurrency experts say that it may go higher.
See Why Bitcoin’s Record Market High After Several Years Of Slow Growth
However, others still hold that the coin has enough by now. According to them, what is remaining is a small hit. After that, they warn that it will fall. Here is where experts say that things will not be the usual business for many people. It will affect those who put a lot of their money and time on the digital currency. The bitcoin is growing in price value each day.
Because of this, financial analysts say good things are ahead. They say that online brokers will experience an increment of 18 to 20 percent in earnings in 2018. But for that to happen, they warn that the current friendly environment must maintain. It is many years now that the trading activity is mute. But in recent months, there is a lot of trading activity. Most noteworthy, this leads to massive capital investment. The digital currency will claim credit. However, it is a partial credit if any.
Reputable financial analysts says that it is not business as usual
One of the reputable financial analysts says that it is not business as usual. The analyst says that December is usually not a good month when it comes to trading activities. Many people do not know that. He argues that it is a misconception that people have. According to the analyst, December is a rough month.
Bitcoins Trading Activity Goes Down
“Trading activity usually quiets down in December. But that isn’t happening because of the interest in bitcoin. The tax cuts and the markets at new highs,” Rich Repetto from Sandler O’Neill says. Rich is the right person to make such view. He is the lead financial analyst with the Wall Street. For many years, Rich covers exchanges, brokerages, and the entire trading industry.
For several days leading to months now, online brokers are rallying. Above all, this is happening from November. Also, this is the time the Senate Budget Committee advances the legislation. A lot of trading activity is going on since then. Various brokerage groups are outperforming. It is during this time that Charles Schwab goes up by 13 percent.
Most importantly, this is the full list of the companies and their performance. The figures represent a time since November 2017.
· S&P 500: up 3.2%.
· Charles Schwab: up 13%.
· ETrade: up 9.8 percent.
· Interactive Brokers: up 7.5%.
· TD Ameritrade: up 4.7%.
There are changes after the bitcoin price hit $20, 000 last weekend. It may shoot again. But it may also come down.
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