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Bitcoin rules take edge off crypto-nite

From mg.co.za

On the back of a record-breaking year in 2020, Bitcoin’s growth has stumbled in recent weeks. But analysts say the cryptocurrency has staying power. With possible continued growth in 2021, responsible regulation and becoming crypto savvy will help to protect and give confidence to investors, experts say. In 2020, Bitcoin recorded dizzying heights. Early in the year, it fell victim to the global sell-off that accompanied Covid-19 panic and was down 30% in March. But the digital currency rallied, rounding out 2020 up by almost 300%. This has been attributed to bitcoin moving in the same direction as gold. At the time ... (full story)

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  • Category: Fundamental Analysis