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Wednesday, January 27, 2021

The Price Of Bitcoin Has Reached A New All-time High!

Four years ago, Bitcoin broke a resounding record on the global trading platform Binance. At that time, a Bitcoin was the equivalent of a whopping $ 19,799, just that!

Recently, the famous cryptocurrency managed to beat its own record: on Wednesday, December 30, 2020, Bitcoin reached a new historical record of 28,572.10 dollars! And today, it even exceeds $ 30,000, you know… How did that happen? Feedback on a dazzling journey!

2020, the year of Bitcoin!

The news was unveiled by Bloomberg whose compiled data indicated that the value of Bitcoin had already crossed 20,000 dollars on December 16, 2020. It must be said that the last year has been particularly prolific for the virtual currency which can boast to be among the most profitable investments of 2020.

bitcoin-to-the-moon- socioon

According to data unveiled by Bloomberg, the value of Bitcoin began to climb rapidly in October 2020 following the growing interest in it from several large institutional investors, despite fears that regulations on cryptocurrencies could be tightened. . Thus, as Naeem Aslam, an analyst at Ava Trade points out: “Bitcoin devotees are obviously not afraid of regulations and nothing can stop this animal. Bitcoin is decentralized and its anonymous creators are less easy for regulators to target.

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Many consumer trading apps have thus emerged in 2020. We can notably mention Robinhood (15 million users), eToro (13 million), or even Revolut (12 million).

bitcoin record 2021

A recent surge thanks to PayPal

PayPal can also boast of having helped boost the popularity of Bitcoin with investors. At the end of October 2020, the online payments giant launched a brand new service for buying, selling, and also virtual currency payment. And of course, Bitcoin has been the most popular with users …

The trend is clearly not about to stop! “The use of Bitcoin by traditional investors is just beginning. ” Say analysts at JPMorgan bank. For them, Bitcoin and other digital and decentralized currencies have a bright future ahead of them. They even went so far as to compare cryptocurrency to gold! To be continued!

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