The Bitcoin, the biggest name in the world cryptocurrency, managed to break his records and exceeded the $ 30.000 limit for the first time, reaching up to $ 34.000. We all remember that 2020 was a strange year even for Bitcoin, which faced some issues due to its pandemic COVID-19:.
What can this sharp increase in value mean? cryptocurrency; There are many cases. Investors may see it as a way to keep their money safe during the worst recession since 2008. Whatever the reason, the result is one: Bitcoin started the new year dynamically with the highest price of all time.
It's about it third record to break Bitcoin in just a few days. The first record was set on December 16 when its value reached $ 20.000 for the first time. On January 2, the Bitcoin exceeded $ 30.000 while yesterday it reached $ 34.182,75, before falling to $ 33.970 at 3:05 pm in Singapore.
Bitcoin's recent victories become even more impressive if we consider what happened about a year ago. In March 2020, when a large part of the western world came face to face with him COVID-19: and the financial instability that accompanied the virus, the price of Bitcoin fell to $ 4.000.
Within a year, the largest cryptocurrency had many ups and downs. Now, however, he has managed to reach the highest of all time. This shows how quickly things can change when we talk about cryptocurrencies.
Experts believe that Bitcoin could reach $ 50.000 in the first quarter of 2021.
According to a report by strategy analyst Bloomberg Intelligence Mike McGlone, Bitcoin "is increasingly preferred in global investment portfolios and its owners are no longer just tech geeks and speculators".
We expect to see its course in the coming weeks.