Press "Enter" to skip to content

The Rise of Bitcoin in 2020

Press Release

Bitcoin suffered a price drop during 2020, but only a couple of months later it recovered and reached its highest price in months proving that its adoption with businesses like AirBit Club is a smart alternative.

Since its inception in 2009, Bitcoin has created speculation, expectations, and profit. The digital asset and first cryptocurrency, created by Satoshi Nakamoto, has revolutionized the economy and technology through its Blockchain structure. Today, there are over 2,000 alternative crypto assets on the market, but Bitcoin, more than 10 years later, continues to lead the conversation and investment around the world.

Source: Coinbound

Bitcoin has generated millions to those early investors who believed in the project even when its price was at zero. In December 2017, the cryptocurrency reached $ 19,000. A price that until today has not been surpassed but that is expected to accomplish soon.

2020 has been a difficult year for everyone. The Covid-19 pandemic left the world in a financial crisis and recession that had not been seen in years. And despite the fact that Bitcoin also suffered a drop at the beginning, in July 2020 Bitcoin recovered and doubled its price passing the mark of 11,000 US dollars.

Although many industries were affected by the crisis. Bitcoin and cryptocurrencies demonstrated their value and resilience as a good investment. For this and other reasons, the blockchain, technology, and cryptocurrency industries have strengthened despite the difficult economic situation. Furthermore, financial and educational groups like AirBit Club have positioned themselves as a smart alternative for people who want to enter the cryptocurrency industry in a safe way.

AirBit Club is a decentralized crypto-economics and business education club. This club allows people around the world to educate themselves and benefit from an industry that hardly reaches the general population. Club members earn profits on digital assets by building their own networks. Currently, they have more than 1.9 million members distributed in 160 countries.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.