This year was really great for the cryptocurrency industry and we at IronTrade have been observing all this so far. We could see a significant rally in April-May when Bitcoin grew up to 64000$ and dropped by around 50% in the next couple of weeks. Now it is traded around 37000$. Experts say that it is only a temporary decrease. We will see a strong reversal because there is still much great news about Bitcoins. It has become adopted in different parts of our world.

You ask where?

For example, in Florida. It has one of the most friendly approaches to cryptocurrencies. The mayor has already proposed a plan to pay salaries and city taxes with Bitcoins.
The next example is El Salvador, a small country in Central America. They already made Bitcoin an official currency. It means that it must be accepted as a payment for goods and services. Also, El Salvador grants citizenship to anyone who agrees to invest not less than 3 Bitcoins in the economy. That’s amazing.

Next, Paypal stated that they will support withdrawals to 3rd party wallets with Bitcoins. It means that users can transfer their crypto money to their personal wallets.

Finally, Warren Buffet, who is famous for his negative statements about cryptocurrencies, invested more than 500$ million in a digital bank, which will support Bitcoin.

And even Elon Mush, who is also known for his negative renunciation of Bitcoin, does not seem serious.

Let us know what do you think about all this? Would you invest, or have you already invested in Bitcoin?