I was responsible for producing reports and articles on Technology and Finance for Yahoo's portal. During this period, my articles accumulated millions of readers. I primarily covered and wrote about the movement of cryptocurrencies such as Bitcoin, the performance of tech companies like Tesla and SpaceX, as well as other news on the financial market.
Sample article:
Bitcoin Returns to the Spotlight – and Investors’ Focus – with Historic Surge
Bitcoin, the most famous of crypto assets, is back in the investment spotlight with full force. The currency is nearing its historic high from late 2017, when it reached almost $20,000.
At the time of writing, it was trading above $18,000.
It's worth noting that high volatility remains a hallmark of crypto assets. Shortly after the 2017 peak, Bitcoin's value plummeted drastically, eventually falling to $3,200 a year later before starting to climb again.
But the context has changed since then. According to analysts, what is driving the current rise of Bitcoin is the volatility of international markets, "contaminated" by successive waves of COVID-19 in Europe and the United States, along with the tumultuous elections in the U.S.
In this uncertain environment, major investors have been turning to crypto assets as safe-haven reserves, in some ways more appealing than gold, which has traditionally been seen as a "safe harbor" but hasn’t shown such robust performance over the past year.
Support from major companies, such as the payment system Square, which announced investments in Bitcoin, and PayPal, which unveiled a new feature enabling the buying and selling of crypto assets on its platform, has also accelerated gains.
While analysts believe this could be the start of a new appreciation cycle, it's worth remembering that the Bitcoin community itself views the digital currency as being in a maturing stage, which should eventually provide holders with a secure value-storage platform.
