Bloomberg recognized Bitcoin as a fundamental asset that “will not disappear anywhere”

The Bloomberg news agency, whose publications usually have a neutral or cautious attitude to cryptocurrencies, published an article that directly states: Bitcoin is not a temporary phenomenon, but something worthwhile, only this can explain the upward correction that this cryptocurrency did.

Among the reasons for such growth is named such factors as too "heavy" tax laws in the United States. Due to the fact that in Washington’s political circles additional taxes on wealth are being discussed, wealthy people are again interested in offshore jurisdictions, and are also increasingly paying attention to bitcoins .

In addition, of course, the “trade war” between the United States and China is another factor that, having caused tension in the global investment community due to the ambiguity of the outcome of disputes over tariffs and trade policy, led to the fact that more and more investors began to go to gold, which soared to the maximum price value over the past six years, and cryptocurrency.

The Libra cryptocurrency announcement factor in 2020 is what caused great interest in digital assets, and at the same time it was able to help the cryptocurrency market start to grow, even considering that the Libra project itself has a big risk of not being realized.

Bloomberg notes that for a long time, many did not pay attention to how the future will change due to cryptocurrencies, but the extreme stability of the digital asset market, which he proved in June, led to the fact that this new future “has become closer to us, like never before. ”

It is worth noting that the changes are seen not only in Bloomberg. So, a little earlier with the open letter in support of the ideas that stand behind the cryptocurrency Libra, made by Forbes magazine founder Steve Forbes.

Publication date 03/07/2019
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