Bitcoin

Bitcoin: the price exceeds $ 30,000, unprecedented!

New record for Bitcoin, which this time passes the $ 30,000 mark. Cryptocurrency has experienced a meteoric rise since last year, after many large investors became interested in this method of payment. However, it continues to attract detractors, who give it no financial value.

Bitcoin

We no longer stop Bitcoin. Just weeks after cryptocurrency first surpassed $ 20,000, it sets a new record by rising to $ 34,800 (€ 28,360). A nice way to celebrate 12th anniversary starting the year on the same path as 2020, during which it experienced a parabolic evolution.

It is indeed common knowledge that Bitcoin is at the very least volatile. In 2017, this went from $ 1,000 to $ 19,000 within a few months. The scenario repeated itself last year, when in March it lost more than 30% of its value in 24 hours before soaring thanks to the interest of many large investors.

evolution bitcoin 2020

Bitcoin continues to be debated, despite records

However, cryptocurrency continues to divide the experts. Some, on the one hand, do not hesitate to predict that it is about to become as popular a means of payment as the others. Against the dollar, whose value has been at its lowest since 2018, its supporters believe that bitcoin protects against potential inflation caused by central banks, especially in these uncertain economic times.

Read also: Trump tries to destroy Bitcoin in his last days of presidency

“The numbers continue to rise while the market has never been so high. We foresee a very bright future for all those who own Bitcoin ”, said Paolo Ardoino, CTO of Bitfinex. ” This increase, the market owes it among others to Paypal, which will make it possible to pay in Bitcoin in 2021, which could lead to a decrease in its availability, and therefore a increase in value, analysts said.

However, not all are convinced of the potential of cryptocurrency. In France, Bruno Le Maire accuses it of financing terrorism, while around the world, experts insist that it does not have no intrinsic value. Nouriel Roubini, professor of economics, considers that “The price of Bitcoin is totally manipulated by a handful of people […]. We are about to see the hyperbolic bubble burst ”.

Source: The Guardian