IS 2021 STILL A GOOD YEAR TO INVEST IN BITCOIN?

Bitcoin Bullish SentimentAs we enter the last three months of the year, the price of Bitcoin has risen sharply. Is the bull run in Bitcoin just beginning? Newcomers to Bitcoin investing may find the environment bewildering and even frightening. From optimistic fanatics to others who reject Bitcoin as a worthless ponzi scam, opinions on the cryptocurrency range widely. These five macro-trends and data factors can help you decide whether or not Bitcoin is right for you.THE ADOPTION OF BTC IS INCREASING.The rate at which people across the world are adopting Bitcoin is increasing. In the popular Blockchain wallet, the number of users continues to increase by millions each month.There’s more to this tale than simply wallet numbers, however. Compared to retail investors, who are content to leave their Bitcoin with a custodian like Coinbase, Square’s Cash App, or PayPal, the number of individuals having BTC in their personal wallets is dwarfed.Source: Businessinsider.comCompared to the same period last year, Square’s (SQ) Bitcoin business income rose 11 times. According to a Square shareholder letter released earlier this year, Bitcoin revenue and gross profit produced by the Cash App in the first quarter of 2021 increased 11 times year over year, according to a Square shareholder letter released earlier this year.Motivated by Cash App use, PayPal has accelerated its crypto rollout, making it possible for any US PayPal client to buy, sell, and retain BTC, ETH, BCH, or LTC.Many on-ramps for retail and institutional purchasers are available as the Bitcoin bull market heats up in the fourth quarter, and many holders of other tokens and coins are continuing to swap cryptocurrencies for Bitcoin at the best available rate. A quick coin exchange provider like Swapzone comes in handy at this point.Demand may lead to even more volatile price fluctuations in the future, as…