Understand why bitcoin has appreciated so much in less than a year

Bitcoin made headlines after reaching a record high in recent months. In March last year, a unit of the cryptocurrency was worth US $ 5,000, in February 2021, less than a year later, the digital currency exceeded the value of US $ 46,000, its highest price in history. The virtual currency has entered a new appreciation cycle driven by a $ 1.5 billion investment from Tesla, the company of Elon Musk - considered one of the richest men in the world.

See too: Dogecoin x Bitcoin

So far, bitcoin's appreciation is 60%. Since last year, the cryptocurrency has seen gains of 300%. The Ibovespa, on the other hand, increased by only 3% in the same period.
Large investors

Billion dollar investments like Tesla's are some of the factors that attract enthusiasts, and show that digital currency is more than a fad in the financial market. According to Elon Musk, bitcoin is "about to be widely accepted among investors," said the executive on the social network Clubhouse.

Continuous appreciation

On Wall Street, analysts project that bitcoin may continue to rise, surpassing the $ 318,000 figure through December of this year. The numbers call the attention of those looking for other ways to increase their income. Still, like any equity investment, bitcoin also has its risks of losing invested equity. Perhaps the most important is technological risk. A security threat, for example, if successful, can put everything at risk. According to experts, blockchain (a kind of cryptocurrency stock exchange that also functions as a digital wallet) is not at that risk.

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