Bitcoin touches $25,000 and Shows No Signs of Slowing Down
Bitcoin is trading at 24,880.40 United States dollars at the time of writing this article and it is anticipated that the cryptocurrency will jump over US$25,000 anytime in the next few hours. We expected the price to break through the $20k barrier in December, but no one expected it to go above and beyond US$25,000.
In the span of the last thirty days, Bitcoin’s price has surged high to the highest ever point in its history.
It seems like, with this pace, Bitcoin could well hit US$100,000 by 2021. This is a huge task for regulators to battle out and keep the price in check.
Many investors still believe Bitcoin is insignificant and a bubble. Regardless of what people think for or against Bitcoin, there’s a clear difference in the pattern between 2017 and 2020.
Also See: There is Nothing that will Stop Bitcoin from Appreciating