For about a month, the crypto market has seen the growth and decline of Bitcoin with uncertainty. Analysts, investors, traders, all waiting for the fulfillment of one of the historical goals of the currency. Overcoming the $ 20,000 barrier has been a constant in BTC's goals.
This goal could not be exceeded even during the 2017-2018 rally. However, today December 16, 2020 we can announce the overcoming of this mark. Since the coin is currently trading at 20,600 US dollars.
It is important to note that this milestone is achieved just two weeks after exceeding the previous maximum.
Less optimistic forecasts place the cryptocurrency at 200,000 by the end of 2021. This rise is very different from that of 2017. Since at that time the institutional interest in the crypto world was much lower. Today, many well-known companies with a prolific track record. They have decided to invest real fortunes in the currency.
Buying 450 million dollars, as the case of MicroStrategy or 100 million as MassMutual.
However these are only symptoms of a major transformation. Institutional trust has given the go-ahead for cryptocurrencies.
Also seeking to break with the historical form of sale of the currency. To mutate into a kind of safeguard of capital.
In this sense, during 2017 the increases perceived by Bitcoin were driven by minority holders.
During the current rebound, the key has been the investment of new capital.
Since its creation, Bitcoin has served as a trailblazer for the crypto market.
It is currently setting a new capitalization record. Creating new precedents and opening the doors to a majority stake in the digital economy.
Thus helping a progressive mutation of new currencies such as the DeFi sector, the creation of ETH 2.0 and the growth of the market in general.
