[ad_1]
Bitcoin kicked off the new year by crossing the $ 30,000 mark on February 2 and surpassing $ 33,000 just hours later.
On CoinDesk, the price of the world’s most popular cryptocurrency increased to $ 4,000 in just 2/2 sessions. Earlier in the day, Bitcoin was around $ 29,000, but at midnight, the price was close to $ 33,000 and crossed this mark just hours later. Currently, each dong fluctuates around 32,000 USD.
Bitcoin price movements in the last week.
In just one day, the price increased more than 9%. Last year, this virtual currency increased by more than 300%, only in December it was 50%. “Bitcoin makes Tesla appear to be standing still,” said Jim Bianco, a veteran macro strategist in the United States, after the price hit $ 30,000.
Bitcoin rose sharply as it was increasingly viewed as digital gold, attracting many institutional investors, such as Skybridge Capital, MassMutual and Guggenheim funds. “Cash flow from institutional investors, coupled with inadequate supply, has pushed prices up,” said Laurent Kssis, director of 21Shares at CoinDesk. expensive. I’ve never seen this. 2017 they are just individual investors, now they are all institutional investors.
The US Federal Reserve and the central banks of countries that loosen their currencies to minimize the economic consequences of the epidemic also help Bitcoin to benefit. Since this is seen as a catalyst for inflation, it is possible to lower the price of the US dollar, causing Bitcoin to rise.
Global political instability, the impact of Covid-19, and concerns about Brexit are also believed to help investors turn to Bitcoin. With a current capitalization of $ 597 billion, this virtual currency is worth more than many publicly traded companies in the world, including billionaire investor Warren Buffett’s Berkshire Hathaway ($ 543 billion).
Ha Thu (According to CoinDesk)
