The price of Bitcoin has been a topic of interest.
Bitcoin is also known as BTC has hit an all-time high of over $68,000. The last record was in October when the coin hit $66,237.
Earlier today, the cryptocurrency giant gained a staggering 3% to $68,564 and stayed within the range of $67,935. While Ether grew to a record of $4,825.
Past, present and future
Bitcoin was started in 2009 by the rumor programmer group that goes under the name of “Satoshi Nakamoto”.
Traditional investors were in disbelief and do not recognize Bitcoin and other cryptocurrencies as a financial commodity, some even go as far as flagging Bitcoin as a scam.
But time and time again, this has been proven wrong and even famous Tesla billionaire Elon Musk has joined the game and regularly post about the coins he buys on Twitter. Some might even go as far as saying that billionaires’ tweets could control the flow of the market.
An example, Recently, Elon Must posted on Twitter that he has an intention in selling Tesla stocks, the stock took a slight dip the moment the news went viral.
With the new records of Ether and Bitcoin the market cap of crypto to as high as $3 Trillion dollars.
This is the first time the market cap has gone to such heights, the 3rd and 4th biggest currencies Binance Coin and Solona have also made a 20% increase in the past week.
The so-called “analysis” who were the same people that did not trust crypto has predicted that the coin will continue to increase in price in the coming weeks.
What we think – Whenever a cryptocurrency owner makes substantial gains it is bound to fall, as those who have bought the coins earlier would typically sell the coins/shares to yield a profit. This is the time to sell not to buy.