The world’s most popular cryptocurrency has hit a new record. The cost of one “coin” has surpassed the $ 31,000 mark, according to CoinMarketCap. In December, the cost of the cryptocurrency increased by 50%, while in March 2020, Bitcoin was worth $ 5-7 thousand. A couple of hours earlier, the media wrote about overcoming the $ 30 thousand mark.
The cryptocurrency is still in the growth stage. Over the past day, bitcoin has risen in price by about 5% – this is about $ 1.8 thousand. It is quite possible that in the near future the numbers will become even higher. The reason for this growth in value at the end of 2020 was the influx of a large number of new investors, as well as the emergence of interest in trading among institutional investors. For example, the Guggenheim Investments fund spent $ 5 billion to buy bitcoin.
Former analyst at JPMorgan investment bank Ton Weiss suggested that this cryptocurrency could grow in price 10 times in the next year – up to $ 300-400 thousand. Also, JPMorgan analysts fear that in 2021, the growth of interest in bitcoin may even lower the price of gold.
At the moment, the market capitalization of bitcoin is $ 572.5 billion.In 2020, it quadrupled in value. At the time of this writing, the trades are at $ 31.1 thousand. Just a couple of days ago, we wrote that the cryptocurrency exceeded the $ 29 thousand plan.
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