HomeSponsoredCan Bitcoin break the $29,000 price barrier? HedgeUp (HDUP) The Worlds First...

Can Bitcoin break the $29,000 price barrier? HedgeUp (HDUP) The Worlds First Web 3.0 Alternative Investment Trading Platform


Despite the recent lawsuit against crypto’s biggest exchange, Bitcoin (BTC) is rising and briefly touched $29,000 on March 30th, before correcting, and then rising again. The question is can Bitcoin (BTC) break through this psychological barrier and maintain a price at or above $29,000?  And why is Bitcoin (BTC) going up in the midst of global financial uncertainty? Also look at HedgeUp, a new project on the horizon that has just entered presale space, and consider how the news may affect them.

Bitcoin (BTC) – Digital Gold or a Risky Asset?

Proponents of Bitcoin (BTC) compared to gold, an asset with scarcity that investors turn to in times of financial uncertainty.  In practice however, Bitcoin (BTC) has been treated more as a risky asset that correlates reasonably well with the traditional markets.  However, a number of things have occurred recently, the most important being the continued rising of interest rates by the Fed and their plans to continue this, and of course the collapse of SVB and other banks.

Previously, investors who have sought safety in volatile economic conditions, have bought government bonds.  However as inflation was so low for such a long time, the bonds pay out a very low interest rate.  Now that inflation is much higher (and the rate of interest on newly issued government bonds is also higher), the investors who are bag holding the old bonds are effectively in a loss position.

This and other macroeconomic factors have cast a shadow on the entire financial market and contributed to the downfall of various banks.  As people begin to become leery of these banks, knowing that money is only insured to a certain point, a run on the bank can occur.  This means that what starts off as merely a liquidity crisis, becomes an insolvency crisis.

Banks like Credit Suisse, whilst owned by Switzerland, pose systemic risks to the entire banking industry, as the country has only 8 million citizens and the government would not be capable of bailing out the giant financial entity.

It seems that investors are thinking about these things as we have seen massive inflows of institutional money flowing into Bitcoin over the last month. The Bitcoin (BTC) psychological barrier could be crossed at any moment and this is bullish for the entire crypto industry, including HedgeUp (HDUP).

HedgeUp (HDUP) bridges the gap between crypto investors and traditional investors

As more people become suspicious of banks and the traditional finance sector and its limitations and red tape, DeFi has the potential to change the way we invest, and HedgeUp (HDUP)’s luxury goods asset tokenization system, and fractionalized selling, is a great way to diversify any portfolio.

HedgeUp (HDUP)’s founders noted that over the past ten years, alternative assets like Whiskey, Gold, and Real estate have become increasingly popular. This is due to the growth of the alternative asset market, which has expanded from $4.1 trillion in 2010 to $10.8 trillion in 2019, and is expected to reach $17.2 trillion by 2025. HedgeUp (HDUP) aims to help ordinary investors to beat the inflation rate and profit margins of traditional asset classes like bonds or stocks.

Reminiscent of a stock index, HedgeUp (HDUP) will offer investment baskets for those looking for true diversification.  HedgeUp (HDUP)’s baskets will contain a mixture of assets including jewelry, fine wine, whisky and more, offering a bit more diversity to your portfolio. 

HDUP, the native token of HedgeUp (HDUP) is currently in its second round of presale at $0.013, with a minimum launch price of $0.09, a gain of 592.31% for early investors.

For more information on HedgeUP click the links below:

Presale Sign Up:

Official Website:

Telegram Link:

*This article was paid for Cryptonomist did not write the article or test the platform.

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