Bitcoin (BTC): a beacon of hope in these financially gray times

The flagship crypto has never exerted as much fascination as it does now. At its lowest for several months, bitcoin suddenly regained momentum. Enough to give hope to those who still believe in it. Even if financially gray times are in prospect, these will probably be golden for bitcoin (BTC).

No more doubt about the usefulness of BTC in times of banking crisis

Are bitcoin (BTC) prices ready to explode? The arguments for realizing such prospects are quite plausible. Since the beginning of the year, transactions involving the queen of crypto have reached an all-time high.

As of April 27, 2023, these have reached the number of 432,613, according to figures published by the crypto analysis firm, Glassnode. Since it exists, it’s 3e time the flagship crypto is in such demand in the market.

And it is not excluded that this trend, which already defies all forecasts of analysts, will crescendo. Kris Marszalek, the boss of the crypto exchange platform Crypto.com, is convinced of this. Bitcoin is certainly on its way to more recognition in the market.

The manager thinks that the financial conditions lend themselves particularly well. Because, with a banking crisis that is not about to be resolved immediately, bitcoin is the winner.

Indeed, never has it been so obvious to users that BTC and its underlying technology are relevant. “You know, towards the end of last year, people were wondering what the use case for cryptos was, what it was… It becomes very clear when your bank goes bankrupt,” explains Marszalek.

Basically, what the banking crisis has actually done for bitcoin is to underline its importance. It is, underlines the person in charge,one of the reasons why the price of BTC is around $30,000. People understand that this is an important technological advancement”.

Ultimately, although we can envisage a worsening of the banking crisis, bitcoin will have the wind in its sails. This, despite its yoyos in recent weeks and its current valuation which is hovering around $28,900.

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