Bitcoin did it and broke the level of $ 20,000, but was not satisfied with that, but reached up to $ 22,000 at the time of writing this article.
Bitcoin rose above $ 20,000 yesterday, just a few weeks after it broke an all-time high.
The current price of Bitcoin is $ 22,350.
Although the rise was expected by many, it was a little surprising.
Here are the most prominent comments about Bitcoin hitting a new record.
Featured Comments:
"Zack Prince" CEO of cryptocurrency lending platform "BlockFi" told the source:
We all knew this was coming, it was just a matter of time.
It's good to see the market validation of all the hard work the industry has put into over the past few years.
It is still early.
It will be much higher this time than next year.
While Peter Smith, CEO of Blockchain.com, sees:
From 2011 to 2014, Bitcoin was a great experience.
From 2014 to 2017, we knew it would succeed.
From 2017 onwards, bitcoin has become inevitable.
I bet the Bitcoin inevitable.
For his part, "Alex Mashinsky", CEO of the "Celsius Network" lending platform, stated:
Settle now, because we'll visit the $ 22,000 level at least a half-dozen times before moving to the $ 30,000 range later in 2021.
I think we will also re-test the levels from 14 to 16k, either over the weekend with low volumes or bad news.
What caused the bitcoin price to rise?
There are a number of factors that have contributed to the current rally of Bitcoin.
These factors include PayPal entering the arena and adding the option to buy and sell digital currencies.
In addition, "Grayscale", which manages digital currency funds, is buying more Bitcoin, in addition to the entry of "MicroStrategy", "Square" and "MassMutual" to the arena and their purchase of large quantities of Bitcoin.
William Noble, chief technical analyst at Token Metrics, said, referring to the CEO of MicroStrategy and the bitcoin turnout:
There is one important lesson to learn from Bitcoin rising above $ 20,000, which is:
Don't get in the way of Michael Saylor.
He buys tens of millions at once and he is not interested in the price.
In fact, not all institutional buyers care about price anymore.
They have to buy it before the end of the year.
If not, then they are considered out of the way!