The price of the most popular cryptocurrency in the world traded up to $ 33,099 on Saturday
The digital currency Bitcoin expanded its record rally on Saturday, starting the year with an increase of over $ 30,000 for the first time, with more and more traders and investors betting that it is about to become a common payment method. The price of the most popular cryptocurrency in the world traded up to $ 33,099 on Saturday, with almost all other markets closed in the first weekend of 2021.
It last increased by about 12% to $ 32,883. Bitcoin has advanced by over 300% in 2020 and, with the most recent major stage, has added more than 50% since it passed $ 20,000 just two weeks ago.
The blockchain has only existed for about a decade and in 2020 saw an increase in demand from larger US investors, attracted by the perceived qualities of hedging inflation and the potential for quick gains, as well as expectations that it will become a payment. main method. Investors said that the limited supply of bitcoin – produced by so-called “mining” computers that validate blocks of transactions competing to solve mathematical puzzles – has helped upward movements in recent days. -19 pandemic, similar to gold.
“It is very likely that the asset will eventually rise to $ 100,000 per coin,” Sergey Nazarov, co-founder of Chainlink, a global blockchain project, wrote on Saturday.
“People have been constantly losing confidence in their government currencies for years, and monetary policies resulting from the economic impact of coronavirus have only accelerated this decline.” It trades on numerous exchanges, the largest of which is Coinbase, which is preparing itself to go public and become the first such platform to appear on Wall Street. Multi-competitor cryptocurrencies use similar blockchain or electronic accounting technology.
Ethereum, the second largest, gained 465% in 2020 and grew by almost 7% on Saturday.