If there’s one thing that hasn’t had much of a look in this year despite performing phenomenally well, then it’s Bitcoin.
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Back in 2016/17 it seemed like people were talking about the mysterious cryptocurrency every other day, but ever since its price dramatically fell towards the end fo 2018 then you never really heard about it so much. At around the end of the summer though, it started to rally and has rapidly increased its price until it finally hit it’s All Time High today, smashing the $20,000 barrier.
The news was announced by Binance in a series of tweets:
$ 2 0, 0 0 0
We made it! #Bitcoin
— Binance (@binance) December 16, 2020
#Bitcoin just broke $20,000!
— Binance (@binance) December 16, 2020
Damn, I guess I really should have invested when it was around $3000 back in 2018. Or even better when it was under $1000 back in 2015. The good news is though, if you have $20,000 spare and want to buy a couple now then people are predicting that they could reach $300,000 by the end of 2021, or an all time high of $500,000 at some point in the near future. What are you waiting for?
Here’s what Antoni Trenchev, a co-founder of crypto lender Nexo, told The Telegraph:
This is the start of a new chapter for Bitcoin.
We have a new line in the sand and the focus shifts to the next round number of $30,000.
It’s a narrative the media and retail crowd can properly latch onto because they’ve been noticeably absent from this rally.
Again, what are you waiting for?
For more of the same, check out this dark secret behind Bitcoin that should have us all worried. Maybe read that before you decide to invest.
