On the 14th of this month, Bitcoin's price hit a new high of $90,000, sparking discussions about the cryptocurrency's future and market resilience.
Bitcoin's rise to $90,000
The price of Bitcoin continues to rise, reaching a record high of $90,000. Many investors attribute this to increased confidence in cryptocurrencies and growing interest from new market participants.
Expert analysis
Top research analyst Toe Bautista noted that after Trump's election victory in the US, interest in altcoins has grown. He believes that with favorable macroeconomic conditions, Bitcoin may continue to rise. "It is easy to foresee Bitcoin heading for $90,000, whether it is Q1 or the end of next year."
Role of cloud mining
Cloud mining is becoming an increasingly popular method for acquiring Bitcoin without the need for personal hardware infrastructure. This allows investors to minimize costs and risks associated with buying equipment and electricity. This method offers capacity rental from trusted operators, providing profitability and accessibility to a wide range of users.
Against the backdrop of Bitcoin's growing popularity and advancements in cloud mining technologies, market participants are becoming more confident in their investments. Thus, Bitcoin continues to strengthen its position in the world of cryptocurrencies.
