Due to the Covid-19 high rate of reduction in the cases of Covid-19 the world is once again witnessing a surge of people interested in spending their funds into buying cryptocurrencies and crypto-assets/securities. According to the latest reports from the financial industries, more and more people are turning their attention towards buying and recommending crypto assets for investment purposes which has evidently has taken a lead from the traditional assets within the market.
IRA, which is a platform established by Bitcoin and is highly appreciated amongst crypto enthusiasts as being one of the most secure and world’s largest platform, equipped to allow its users to sell and purchase digitalized assets such as cryptocurrencies under various schemes e.g. retirement, etc., undergoing a massive increase in the number of its clients these days. It is estimated that the overall retirement transactions from the IRA platform easily exceed over US$ 500 million.
On the other hand, the first-ever known cryptocurrency, Bitcoin continues to dominate the entire crypto world which still manages to keep its crown as being the number cryptocurrency in terms of its value and use all over the world. In the recent market conditions, Bitcoin successfully managed to outperform its rival traditional assets. Similarly, other well-known cryptocurrencies like Ethereum and Chainlink also able to achieve upward trending averaging up to 167% and 522% respectively.
While the US dollar continues to face downfall, yet the prices of Bitcoin have increased manifold and this is due to the fact that the number of trading transactions has increased extra-ordinarily. Ethereum too is also undergoing a massive increase in the usage of its platform since the transactions relating to DeFi has also increased.
According to various reports and various messages issued on various social media network websites such as twitter prominent individuals who are part of the crypto industry for a long period of time are suggesting people to buy crypto and gold because according to them in the near future both assets will enable them to earn huge profits. The news has spread like a wildfire on the internet and more people are considering investing their funds in crypto and gold.