RECENT EVENTS

Over the March 12 - March 14 weekend Bitcoin had reached its record high, it was roughly at $61,000 USD or $76000 CAD. After reaching this record high it fell drastically to about $70,000 USD on March 15. The last time Bitcoin was at a record high was on February 21, 2021, Bitcoin was roughly worth $72,000 CAD and like so recently it fell drastically to a low of $57,000 CAD. As time passed from February 21 Bitcoin started rising rapidly and it got to the record high of $76,000 CAD. This one-month pattern would suggest that Bitcoin has become very influential and this has created a bigger demand for it than ever, and so people are buying. It is seen that the same Bitcoin pattern which made Bitcoin rise on February 21 2021 has also been the same pattern on March 13, 2021. Within this year it is estimated that Bitcoin could be worth over $100,000. 

Current WORLD IMPACTS

• These recent accomplishments of Bitcoin have made some countries worried, currently, India is thinking of a ban due to this recent fall of Bitcoin.   

• Recently Russia banned all forms of cryptocurrency and has stopped officials from having crypto, this happened near the end of January.

• Canada has launched their third Bitcoin ETF and it was launched on March 8.