After experiencing a downtrend for more than three months, it seems that Bitcoin (BTC) has finally gotten back on track. Back in May of 2021, the price of Bitcoin took a serious fall and since then, it has made the effort of making a comeback.
Since the beginning of August, Bitcoin’s price has again started adding decent numbers. After taking a trip to an all-time high of $64.7k per BTC, Bitcoin’s price took a plunge, coming all the way down to around $30k per BTC.
Since then, it struggled with making a comeback, and finally, its price crossed the $50k per BTC figure again for the first time in three months. Although its price then reverted it has been fluctuating between $45k and $48.5k per BTC. This means that Bitcoin is now out of the red zone and has again started looking like a profitable investment.
If one is still not certain about the growing interest in Bitcoin investments, then Vietnam is the very example of people growing proponents of Bitcoin.
As the price and valuation of Bitcoin continue to rise, the interest level of Vietnamese investors is growing in the digital asset. Reports have started coming in that the people of Vietnam want to get their hands on as many mining rigs as possible for Bitcoin.
Initially, the people in Vietnam were interested in investing and then acquiring Bitcoin. Now, a great shift has been observed within the behavior of the Vietnamese people who now want to mine Bitcoin instead of acquiring it from exchanges.
Just recently, reports have started coming in around the rise in demand for mining rigs in Vietnam for the month of September. The stats confirm that there has been a surge in the prices for rigs that are used for mining cryptocurrencies.
This trend has been observed in the Vietnamese cryptocurrency community because of the recent $50,000 per BTC benchmark that was crossed by the digital asset.
Apart from BTC, the people in Vietnam are also after mining rigs for other cryptocurrencies such as Ethereum (ETH). In order to mine as many Bitcoins or altcoins as possible, the Vietnamese people are eager to get their hands on as many mining rigs as possible.
One of the local news reporting outlets in Vietnam had recently shared a report in regards to mining in the county. The firm reported that several hardware shops in Vietnam had reported high mining hardware sales until the month of April 2021.
Since then, the sales for the mining rigs had become gloomy as Bitcoin’s price had fallen below the $30k per BTC figure. Now that the situation has again become favorable, the demand for mining rigs in Vietnam has regained its old volume.