Bitcoin: A Golden Opportunity Knocks
Crypto Enthusiasts Captivated by Bitcoin Hammer: Promising Opportunities in Digital Currency Market
In the wake of a faltering stock market, investors' zeal for Bitcoin may have taken a hit, but the digital coin is currently selling at prices not seen for a long time. Here's why this could be a great buying opportunity:
A Potential Rebound for Bitcoin
Despite the ongoing correction phase, Bitcoin has exhibited signs of a possible upturn. With a recent formation of a higher low, a potential recovery might be on the horizon, provided the stock market cooperates. A little-known fact is that Bitcoin is heavily correlated with the stock market in recent times.
Rare Opportunities Galore
Bitcoin has historically kicked off strong rallies in April. For example, the rally in 2019, starting on April 1, propelled Bitcoin by around 220%.Or the Bitcoin rally that followed the coronavirus crash in March 2020, which catapulted Bitcoin by a whopping 900%. And let's not forget the rally that boosted Bitcoin by approximately 1,900% between April 2017 and December 2017. While a rally of such scale may not be expected now, BÖRSE ONLINE maintains its price target of $150,000 to $180,000 for Bitcoin by 2025.
The current scenario is particularly promising as we are arguably in the most crucial and potentially strongest year of the bull market. Based on the 4-year cycle, this could be a particularly potent period for Bitcoin. Additional favorable factors include continued engagement of the Trump administration in the crypto sector and the possibility of more positive news on the horizon. A recent Wall Street Journal report suggests that the American data centers of Eric and Donald Trump Jr. are merging with American Mining, signaling the Trumps' continuing interest in Bitcoin.
Crypto Trades as Cheap as Ever in Germany
Where and how you buy and sell cryptocurrencies can have a significant impact on your long-term return. High costs can eat into potential high returns in the long term. A study conducted by the Frankfurt School of Finance & Management found significant differences in Germany in the costs of trading cryptocurrencies. The study states, "Initial structured purchases conducted as part of a scientific study by the private Frankfurt School of Finance & Management have uncovered significant differences in trading costs for different cryptocurrencies and order sizes at six major providers." The most affordable option was flatex, with costs of 1.1% for a wide range of Bitcoin purchases and sales.
Professor Olaf Stotz, head of the study, comments, "In crypto trading, brokers can hide many costs. Our long-term independent study aims to uncover these costs and thus help investors improve their investment returns."
Disclaimer: This study was commissioned by online broker flatexDEGIRO, and the Frankfurt School Student Consulting GmbH conducted it under the leadership of Prof. Dr. Olaf Stotz.
Conflict of Interest Disclosure: The CEO and majority shareholder of the publisher Börsenmedien AG, Mr. Bernd Förtsch, indirectly holds a significant stake in flatexDEGIRO AG, which operates online brokerage under the brands flatex and DEGIRO. Here you can go directly to the cheap crypto trading from flatex.
- Investing in cryptocurrencies, such as Bitcoin, may be a wise decision, considering its potential rebound and historical April rallies, with BÖRSE ONLINE predicting prices reaching $150,000 to $180,000 by 2025.
- If one is looking for a cost-effective platform to buy and sell cryptocurrencies in Germany, flatex is a viable option, as mentioned in a study conducted by the Frankfurt School of Finance & Management.
- The current year might be particularly advantageous for Bitcoin, given the 4-year cycle, continued interest from the Trump administration in the crypto sector, and the possibility of more positive news on the horizon.
- Jr, a little-known fact is that Bitcoin has historically kicked off strong rallies in April, with past rallies in 2019, 2020, and 2017 resulting in significant price increases.
