If crypto-currencies number in the hundreds today, bitcoin is probably the most popular, and the oldest too. And today, it is reaching an important milestone.
Bitcoin , Ether, Ripple, Litecoin, Dash, crypto-currencies number in the hundreds, and there are very different. Bitcoin is most likely their common ancestor, if we can officially. Officially created on January 3, 2009, bitcoin has had a hectic life to say the least, but today the currency is reaching a historic milestone of $ 20,000.
Bitcoin (finally) passes the $ 20,000 mark
It took several years, perhaps longer than some analysts had expected, but this time it was done. The most popular cryptocurrency, bitcoin, rose 6.16% to $ 20,605 on Wednesday afternoon, proudly passing the long-awaited $ 20,000 mark. In total, since the start of the year, this is a gain of 190%. Several signs suggested that this milestone would be crossed shortly. On December 1, bitcoin was approaching it, already setting some records before, unfortunately, plunging again. To arrive today, December 16, at over $ 20,000.
According to Antoni Trenchev, bitcoin trader, this passage of $ 20,000 marks a real transition. A new era, some would say, with $ 30,000 as the next goal. Especially since, according to this expert quoted by the Bloomberg agency, media as well as individual investors have rather remained out of this latest bullish phase.
The $ 30,000 now in sight?
This year again will have given investors some cold sweat. After falling 25% in March at the height of the Covid-19 pandemic, it is now at its highest. As always, for its supporters, bitcoin represents the whole point of this kind of currency, a safe haven from the perpetual money creation of central banks which constantly erode the value of national currencies.
And it is felt more and more each time. The list of bitcoin supporters continues to grow. And not just for individuals. Big names are joining the adventure. Recently, several financial giants, such as Guggenheim Partners LLC, announced their intention to get started. In this case, no less than 10% of its Macro Opportunities Fund would be allocated to bitcoin. Whether the trend will pick up or fall again is a whole different story. One thing is certain, the currency is always more popular …