Hello, everyone!
This afternoon I stumbled on the @writeandearn blog and I read some interesting news about Bitcoins and the Cryptocurrency Market. It was interesting to read and I learned so many things about this part of the question, to which I gave my salient answers.
MicroStrategy is one of the world’s largest public holders of Bitcoin. With this new acquisition and the volume of Bitcoin in its vault, do you think it could have any impact on the crypto market and ecosystem at large?
And this was my answer to this question.
Yeah, it could have an impact on the Bitcoin price due to the high demand created by such transactions and could spur growth within the ecosystem. Overall, Bitcoin is a double-edged sword, meaning, it can appreciate and depreciate. We need to be wise.
This was my contribution to this question. If you want to be part of this conversation, click on the link source, it will take you there.
Ways the Cryptocurrency Market Could be Influenced
The Cryptocurrency Market has a significant impact on the ecosystem if it is well-handled by the stakeholders and the regulatory body involved.
Market Confidence
MicroStrategy is an outstanding large investment strategy in Bitcoin to boost the confidence of the Crypto users.
Institutional Interest
MicroStrategy price can influence other companies, seeing the corporation and appreciation of prices being comfortable and successful for the interest of the institution.
Innovation and growth in the ecosystem
The involvement of MicroStrategy company can bring development, innovation, and growth within the cryptocurrency ecosystem in terms of financial services and technology to support cryptocurrency and Bitcoins.
Overall, anything about Bitcoin and the Cryptocurrency Market is always unpredictable. It can fall at any time and it can rise at any time without waiting for your actions.
Question
How long will MicroStrategy last as one of the corporations supporting the development of Bitcoin and other cryptocurrencies?
Let's hear your thoughts in the comments section of this post.
Posted Using InLeo Alpha
Posted Using InLeo Alpha