Crypto Investors Delighted by Bitcoin Hammer: Fresh Prospects Provide Increased Allure
Crypto Investors Shouldn't Fret Over Stock Market Weakness: Here's Why
Bitcoin is currently going through a correction phase, but it might soon bounce back, provided the stock market cooperates. This potential recovery comes at a time when cryptocurrencies are amazingly cheap, making it a lucrative opportunity for investors. Here's the lowdown on why this is the right moment to invest in Bitcoin.
Bitcoin: A Rare Opportunity of Gargantuan Proportions
Historically, Bitcoin has launched several powerful rallies in April. Remember the 2019 rally, which kick-started on April 1 and boosted Bitcoin by approximately 220 percent? Or the Bitcoin rally following the coronavirus crash in March 2020, which skyrocketed Bitcoin by around 900 percent from April 2020? And let's not forget the legendary rally that surged Bitcoin by around 1,900 percent between April 2017 and December 2017.
While a rally of such magnitude isn't likely now, we're standing by our price prediction of $150,000 to $180,000 for Bitcoin by the end of 2025. This is because we're smack in the middle of the most crucial and potentially strongest year of the bull market—at least in terms of the 4-year cycle. Plus, the Bitcoin scene is looking promising, as the Trump administration continues to delve into cryptocurrencies. There's a possibility of more positive news surfacing soon. The Wall Street Journal recently reported that the American data centers of Eric and Donald Trump Jr. are merging with American Mining—a development that's unlikely to soothe the Trump family's interest in Bitcoin.
But Bitcoin isn't just hopeful because of the Trump administration—it's cheaper than ever at German brokers.
Bitcoin is Better Value than a Haute Couture Designer Bag
The way and the place where investors buy their cryptocurrencies play a significant role in their long-term return. Even though Bitcoin might offer mammoth returns in the long run, high costs can decimate those gains. A recent study by the private Frankfurt School of Finance & Management found significant disparities in the trading costs of cryptocurrencies across Germany. The study states, "Initial structured purchases...have uncovered significant differences in trading costs for different cryptocurrencies and order sizes at six major providers."
Flatex was declared the cheapest provider in all areas. The costs for Bitcoin purchases and sales (so-called round trips) of 500 euros, 2,000 euros, and 10,000 euros were only 1.1 percent each. The competition, on the other hand, ranged from 2.1 percent to 5.3 percent. Ready to jump on the cheap crypto bandwagon with flatex?
Professor Olaf Stotz, the head of the study, adds, "In crypto trading, brokers can mask many costs. Our long-term independent study aims to expose these costs and thereby help investors improve their investment returns."
Press Release: The test purchases were part of a comprehensive study by the Frankfurt School on the costs of crypto trading, commissioned by the online broker flatexDEGIRO, and were conducted by the Frankfurt School Student Consulting GmbH under the leadership of Prof. Dr. Olaf Stotz in weekly rounds from mid-February to early March. The comparison considered the providers Bison, Bitpanda, flatex, N26, Smartbroker+, and Trade Republic.
Conflict of Interest Disclaimer: 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.
Conflict of Interest Disclosure: The CEO and majority shareholder of the publisher Börsenmedien AG, Mr. Bernd Förtsch, has directly and indirectly invested in Bitcoin.
Conflict of Interest Disclosure: The author of this article has invested in Bitcoin.
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- This potential recovery of Bitcoin, happening at a time when cryptocurrencies are remarkably cheap, presents a lucrative investment opportunity for financiers in the technology sector.
- With Bitcoin offering incredible potential returns in the long run, investors might consider utilizing cheaper options like Flatex for their transactions to maximize their returns, as highlighted in a recent study by the Frankfurt School of Finance & Management.
