David Adefeso Addresses Cryptocurrencies As Bitcoin Reaches Its All Time High Price

David Adefeso Addresses Cryptocurrencies As Bitcoin Reaches Its All Time High Price
Credit: BET

David Adefeso addressed cryptos as Bitcoin managed to hit an all-time high price. Check out the message that he shared on his social media account for his fans and followers.

'Bitcoin, Dogecoin, Cryptocurrencies, Are they safe? Over the past few weeks, cryptocurrency has rediscovered its luster. The price of Bitcoin has surged 40% from around $44,000 at the end of September to as much as $61,600 over the weekend, and is holding steady just under $62,000 today,' David began his message.

He continued and said: 'The crypto reached an all-time high of nearly $65,000 in April and, according to Barrons, has climbed more than 425% since its price of around $12,000 in mid-October 2020. In addition, Coinbase reported on Friday that total assets under management in cryptocurrency funds tracked by CoinShares hit $72.3 billion, the highest on record.'

David also said: 'But that’s not all. The first bitcoin-linked exchange-traded fund, “BITO” from Proshares will make its debut officially on Tuesday, and allow millions of more investors to participate in the bitcoin market through their brokerage accounts, and hopefully soon, their 401K and IRA retirement accounts. So, is bitcoin (or cryptocurrency in general) right for you. The answer is it depends. First, you need to do your research to understand what cryptocurrencies are and what the potential benefits and risks are. Then you need to figure out if, and how, bitcoin fits into your portfolio. Don’t forget to click on the link in my bio to watch the full episode.'

Someone said: 'Well said.. please sir can u do a video on Real estate for African students. How do we go about this.'

Another follower posted this: 'I’ve been looking to buy Bitcoin for a while now and really appreciate your advice and insight. I’ll be sure to do my research before venturing in.'

One follower said: '@david.adefeso, I am behind on this because I still struggle to understand how it all works!' and a fan posted this: 'Thank you for this in one piece of information you break down all my unanswered questions about bitcoin.'


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