Bitcoin price hit $19,469 for the first time since December 2017, but there are crucial factors that might prevent BTC from hitting a new all-time high.
You also have to ask what is driving the current rally? I can’t see any other factor other than speculation. With vaccines months away from widespread use, and economic growth picking up, I can’t see the case for BTC rising much further.
If you analyse the rise in prices of bitcoin over the past few years, it has come to an immediate rise at about $19k.
Its in part down to paypal imho
Yea, it went down to $3,122 in 2018 and from there to $20K.
they are printing tether ex-nihilo and injecting it, in order to drive higher the price of cryptos artificially. this movement is not based on real offer and demand. they are creating fake demand. (the same as in 2017)
pretty hilarious that they spit on fed and banks while they are doing the same thing. these god damn cryptoclowns will disappear just after that. they know theire time is counted, soon price will be at 0 (its an history of monts).and it wont goes higher , you can be sure about that
Institutional buying and hedge funds as well…
- Microstrategy invested $1.1 bn since September
- Stone Ridge bought $100+ mm
- Paypal as mentioned by Carlosray