Economies all over the world are suffering from the effects of the COVID-19 coronavirus global pandemic; even digital currencies have been impacted by the disease. September 9, 2020 was the last time Bitcoin (BTC) traded below $10,000 despite the news that four of BitMex’s executives were being indicted October 1, 2020. This shows great optimism for the future, and perhaps even a bull run for BTC that could be happening soon.
“It’s bullish to see that Bitcoin trading infrastructure is so strong given that the former largest bitcoin derivatives trading platform can lose 25% of [its] open interest deposits overnight and the markets just shrug it off” said Daniel Koehler, liquidity manager at cryptocurrency exchange OKCoin.
Even with an immediate drop in Bitcoin due to President Trump’s tweet rejecting another stimulus check for COVID-19 relief, the overall price did not drop below $10,000. With this steady rate continuing, now is a great time to invest and mine as we may see a spike in Bitcoin prices sooner rather than later. While finding Bitmain miners are scarce these days due to the feud between co-founders Jihan Wu and Micree Zhan in which 10,000 Antminers went missing, Wattum still has new opportunities for Bitcoin miners.
Visit our store to invest in mining equipment while the BTC market holds steady. Limited quantities of Antminers S17+ and Pro’s are still available in the United States. Wattum is also accepting pre-orders now for the S19, S19 Pro, and more.