ICBC Sees Bitcoin as Digital Gold

Hello People,

Hope the day is going well for you and it's going well for me also.

Bitcoin is a digital gold and this is not the first time you get to hear about it but it matters when some big company or the financial institution talk about it. It matters when any giant come forward and says that bitcoin is valuable. It even matters when any celebrity come forward and try to invest in Bitcoin so that more people follow the trend and that's what goes in the favor of Bitcoin market.

Now there is another good news that one of the world's largest bank ICBC has said that Bitcoin is a digital gold. The bank has also confirmed that the ethereum is digital oil so this way the bank is trying to buy both the coins which are leading in the market. This is big news and we should take it in positive way. If more such bands come forward and do the similar actions then I think we can see much more action in the market. These statements are not small because such banks do their research first before they speak anything in open domain. If the bank says that Bitcoin is a digital gold which also means that it is more valuable than for sure they must have done their homework before sharing this statement.

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So many cool things happening in the market this time and I don't know how was the last time in the market cycle because I was not part of that. I'm super excited to see such news flowing around and how the momentum is getting built for the next bull run market in Crypto. People say that this time this is going to be the biggest bull run we have ever seen and it is quite possible.

Bitcoin retains the scarcity similar to gold through mathematical consensus, while solving its problem of being difficult to divide, difficult to identify authenticity, and inconvenient to carry.

We know that Bitcoin is asset that is scarce and we just cannot increase the supply which means demand can only increase over the time but supply will remain same. The bank has identified the opportunity in these and this is why they have done some analysis on this new asset clause. It will not be a surprise if some other banks also come forward and share the similar statement in the coming months because usually trends are followed in the market. This can fuel the Bitcoin price in the next market cycle whenever it is going to trigger which can be this year or the next one. If in case you are holding Bitcoin then you must keep on holding till the time when your goal is not price per your expectation and hopefully this time you are going to make a lot of money in this market.

Conclusion

Reading news in the crypto market these days is fun because there is a lot going on and such news updates are good. I enjoy reading such articles and let me tell you that these days there are so many such articles I get almost every other day and this is what makes my news reading experience even better. It's not just better but also make me feel that things are getting grilled and you're just at the edge of starting something big in this marketplace.

Thanks for stopping by

Posted Using InLeo Alpha