Bitcoin, what once believed to be a “bubble” by many investors, has shown resilience in a series of black swan events and proved its worth as a profitable asset. Bitcoin has gained wider adoption over the years, with institutional investors such as Grayscale and MicroStrategy adding it into their portfolios. Recently, Jack Dorsey-led Square Inc. purchased 4,709 BTC to add to company reserves. When the news was released, bitcoin gained 4%.
Retail investors are also accumulating more BTC for the past few months. According to on-chain analyst Willy Woo, an indicator called”reflexivity” indicates that hodling activity is rising steadily: “Reflectivity is increasing over each macro cycle! This is the tendency of HODLers to hold onto their coins harder as price increases.”
One reason for the increased interest in hodling BTC could be that investors are anticipating a massive rally in 2021, which would be interpreted as a post-halving rally. If history rhymes, bitcoin would have a big rally 12 to 15 months after the halving event. At the first halving, Bitcoin’s price surged from $11 to over $1,100 in one year. As for the second halving, the price soared from $600 to $20,000 by the end of 2017.
The road to the bull rally is expected to be rocky, with investors being spooked by spiking COVID-19 cases and global conflicts. But with an interest-bearing wallet, you can easily grow your investment while waiting for the bull run.
Bexplus BTC Wallet – a Trustworthy Wallet with Up to 30% Interest
Bexplus, a leading crypto-trading platform offering 100x perpetual contracts on BTC, ETH, LTC, EOS, and XRP, recently launched its innovative interest-bearing wallet with up to 30% annualized interests. Without a doubt, this is the highest rate in the industry.
The interest is calculated daily and the revenue of the deposit will be settled monthly. The monthly interest is calculated as (S*I/365*30)=MI. S represents the sum of the deposit, I stands for interest, and MI is the monthly interest.
If you deposit 10 BTC in your wallet, the monthly interest you would receive is (10*30%/365*30)=0.24 BTC. While most lending platforms require traders to deposit at least 1 BTC, traders can make a deposit starting from 0.05 BTC on Bexplus.
Features of Bexplus Wallet
Independence: the wallet is independent of the trading account, so the deposits would not be used as margin, nor would it be influenced if your positions got liquidated. Furthermore, the deposits in your wallet will not be used by Bexplus for other purposes, so your deposits will not be “locked up.”
High Security: The platform uses multiple signature access, and all funds transferred from cold storage to hot wallets are manually processed and require multiple staff to coordinate.
No Penalties for Early Withdrawal: withdrawal requests will be processed within 1 day with no penalties for early withdrawal. If you withdraw your deposit on the tenth day of the month, you can still receive the interests generated within this period.
No KYC Requirements: all registrations on Bexplus are done via email verification. You don’t have to worry about getting your information leaked. You can start trading within a few minutes and the transaction between the trading account and wallet is instant.
Follow Bexplus on:
Apple App Store: https://itunes.apple.com/app/id1442189260?mt=8
Google Play: https://play.google.com/store/apps/details?id=com.lingxi.bexplus
The post The Best Way to Secure Profits When BTC Market Enters HODLing Period appeared first on Live Bitcoin News.
Source: Live Bitcoin News