For the first time ever, Bitcoin, the world’s largest cryptocurrency, topped $30,000 registering a major milestone just at the beginning of the New Year 2021.
This comes weeks after the coin advanced almost 50pc in December when it breached $20,000 for the first time ever.
Right now, the current price for Bitcoin is $33,037.20 which is Sh3,625,502.33 in local currency. In the last 24 hours, the price of Bitcoin has spiked by 13.4pc.
According to Bloomberg analysts, the path of least resistance for bitcoin is on the higher side, and the cryptocurrency could more than double from its current value in 2021.
“Bitcoin will maintain its propensity to advance in price into 2021, in our view, with macroeconomic, technical and demand [versus] supply indicators supportive of $50,000 target resistance, implying about a $1 trillion market cap,” noted Bloomberg Crypto in a monthly report.
Here’s how netizens received the news of a new Bitcoin milestone:-
Well that escalated quickly. #Bitcoin now above 31k pic.twitter.com/rJVRxTs4kL
— Tyler Winklevoss (@tyler) January 2, 2021
Sure sex is great, but have you ever watched Bitcoin go to the moon? 🚀
— Ellie Frost ❄️ (@BlockBytch_) January 2, 2021
Yup. The longer you wait for it to fall, the greater the potential of the depression waiting to pounce.
— Block Baze (@block_baze) January 2, 2021
lol so glad I sold all my Bitcoin
— Noel Miller (@thenoelmiller) January 2, 2021
But will fall soon.#Bitcoin pic.twitter.com/oNxXXHQUwS
— Tushar Ojha (@techtusharojha) January 2, 2021
Good luck finding someone with a meaningful amount of #Bitcoin that’s actually willing to sell ANY of their position…for anything…..Yeah. Right!
— Preston Pysh (@PrestonPysh) January 2, 2021
