The world famous cryptocurrency was trading below $54,000 for one Bitcoin earlier today before it rose up to $54,880, almost $55,000! The new figure is a new all-time high and obviously this would be beaten in no time. Bitcoin’s value has risen by about 350 percent in the last six month. Bitcoin had only experienced gradual and steady increase in value until this recent ferocious surge. One Bitcoin was worth about $28,700 in December 2020.
People have begun to see the benefits Bitcoin (and extensively cryptocurrencies possess) and this is the reason why the currency has become so big and is causing such a demand that big firms and company who previously wouldn’t be associated with the currency, are now investing and associating with it.
Bitcoin has proved and is still proving to be a great asset for saving and investing and according to speculations from experts, the value of Bitcoin will continue to rise and get to $70,000 before the middle of the year.
Bitcoin has grown from almost nothing to the world’s most sought-after cryptocurrency. What a grass to grace story.
As at now, Bitcoin’s market capitalisation is greater with Tesla’s which has a market capitalisation of $700 billion.
Bitcoin entrepreneurs and investors have taken to social media to celebrate this new milestone. It is indeed worth celebrating!
Ibhadojemu Lucky Emmanuel is a graduate of Education and Economics from the University of Benin. He has a passion for tech and business and has been writing professionally for over a period of five years. He's written across various topics and segments and knew tech-business was it when he first stumbled on it. He has a great passion for music and arts, and wants to visit as many countries as he can someday.
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