Bitcoin is truly building its reputation as the world’s global currency. Without major media coverage or market instability, the price of Bitcoin has continuously increased, surpassing the market cap of many reserve currencies. It has also shown a substantial decrease in its volatility rate over the past year, performing as a stable global currency.
The price of Bitcoin remains within the range of $765 to $777, staying in the same trading range for over nine days straight. It has demonstrated a lower volatility rate compared to a lot of major reserve currencies such as the sterling pound, and high liquidity for people struggling to deal with excessive capital controls and restriction of asset trading.
Bitcoin is the safest cryptocurrency in the market today
Some investors and analysts including BitFury Group Vice Chairman George Kikvadze, believe that Bitcoin is beginning to maintain stability in terms of market cap and price, possibly because investors are starting to realize Bitcoin is the safest cryptocurrency on the market today.
Other CEOs and cryptocurrency experts like Barry Silbert have also noticed the strong performance of Bitcoin, praising the currency for increasing in value without sensationalist headlines or media coverage.
