Blue Royal Investments Broker Reveals Bitcoin traders just signaled a $50,000 target! Here’s what you need to know
London, UK, 4th March 2022, ZEXPRWIRE, Bitcoin traders are gearing up for a big move, with one broker predicting the digital currency could surge to $50,000.
According to Blue Royal Investments broker, Benjamin Phillips, a bitcoin bull run is on the horizon, with the target set at $50,000. The broker said that various factors had come together to create the perfect environment for a surge in bitcoin price.
Chief among these is the upcoming launch of bitcoin futures on the CBOE and CME. Blue Royal Investments believes that this will lead to an influx of institutional money into the market, which should push the price of bitcoin even higher.
So, what do you need to know about this bullish development?
- The CBOE and CME launch bitcoin futures on December 10 and 18, respectively.
Bitcoin is getting more popular, with two major exchanges set to launch bitcoin futures next week. This means that investors will soon be able to bet on the price of this cryptocurrency which should add even greater liquidity in an already liquid market!
The Chicago Board Options Exchange (CBOE) has revealed that it will launch bitcoin futures on December 10th, giving traders access to decentralized currency through an exchange just as its popularity increases.
The CME Group also announced they are preparing their version of this new financial product for release next year during skies isolate October with intense media coverage surrounding cryptocurrency ventures the world, including risks involved when investing heavily into them such as hacking attacks or fraud schemes where hackers steal money from investors’ accounts using phishing techniques so don’t trust anyone simply off random claiming he works for a certain legit looking website or anything like that and be extra careful).
- Bitcoin has surged in value in recent months.
The bitcoin price has surged in recent months, with the digital currency reaching a new high of $43,455.20 on November 8th. This represents a huge increase in value since the start of the year when one bitcoin was worth just $1,000.
So, what’s behind this surge in value?
The cryptocurrency craze has been on the upswing for some time now, and it’s not surprising that prices have increased dramatically. There are several reasons why you might want to invest in this digital money, including its sky-high growth rates as well as increasing popularity among investors who fear inflation or currency devaluation due to overheating economic climates around the world.
The launch of bitcoin futures markets helped fuel another leg higher during the last year, which saw coins go from $40k apiece all way down to less than half of what they were worth just five months ago.
- Bitcoin is a digital currency that can be used to purchase goods and services.
Crypto is the new currency of choice for online purchases! Bitcoin offers many benefits over traditional currencies, like ease and speed. When you buy something with crypto, there are no fees involved, so it’s always cheaper than if we were to pay in dollars or euros from our credit card provider’s point-of-view too–and let me tell ya these days, pretty much everything costs more due inflation…
The world has been changing rapidly since we first started investing back around 2013, but one thing that hasn’t changed too much (besides how valuable things have gotten) is that people want alternatives; they’re ready for something new, and crypto is providing that. It won’t be the end of the world if you don’t invest in it now–we didn’t get in until around $2,000 per coin, so there’s still time to make a killing if things continue to go well) but eventually, pretty much everyone will have some holdings in this new type of currency, so it would be best not to be left behind.
- There is a risk of losing money when investing in bitcoin.
Bitcoin is a high-risk investment, and there is always the possibility of losing money when investing in it. This is because the cryptocurrency market is still relatively unstable, and there is no guarantee that the value of bitcoin will continue to increase.
As with any investment, it is important to do your due diligence before investing in bitcoin and only invest money you can afford to lose. If you are not comfortable with the risk associated with bitcoin, it is best not to invest in it. Bitcoin is a new type of currency that’s decentralized, meaning it doesn’t depend on any government or financial institution. This makes people interested in investing because they want an alternative to traditional currencies with low trustworthiness ratings from investors due to too many inflationary pressures within their own country’s economy- something our world has seen many times before!
- You can buy bitcoin with traditional currency.
Another reason people are interested in investing in bitcoin because it can be purchased with traditional currency. You can buy bitcoin with US dollars, euros, and other currencies.
When you invest in bitcoin, you essentially buy into the cryptocurrency market. This means that your investment will be subject to the same risks and rewards as the rest of the market. The value of bitcoin can go up or down, and you may lose money if you invest in it.
Remember that before investing any amount of money in bitcoin, it is important to do your research and understand the risks involved. If you are not comfortable with the risk, it is best not to invest in bitcoin.
