Perhaps, nothing at all.. By definition, an effective currency is two things: (a) a medium of exchange; and (b) a store of value. The US dollar, for all its failings, remains the best example of a currency on the planet. First, it is accepted universally as payment for goods and services or is easily exchanged […]
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The year 2021 has indeed been remarkable in the crypto space, bitcoin closed the year below $50,000. Bitcoin has had a tough time since reaching its all-time high in November 2021, which has been worsened by fears about increased regulatory scrutiny throughout the globe.
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2021 is indeed an amazing year for Bitcoin and the entire crypto space as it experienced a good bull run coupled with remarkable success of making Bitcoin a legal tender in countries like El-Salvador. As the year runs to an end, institutional investors, retail investors, and traders are curious to know where Bitcoin is heading, especially with its steady downtrends from the middle of November till now.
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A lot of traders and investors have been panicking as they see that the crypto market has turned to the red sea due to the dip.
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