As predicted Bitcoin surpassed US$ 20,000 value and that too before the end of 2020. Crypto experts, and especially Bitcoin Gurus, were amongst the happiest ones because their predictions came true.
It wasn’t an easy-going for Bitcoin during this year when the pandemic was also at its peak. There was a time when Bitcoin enthusiasts had lost their homes as the value came down as of US$ 4,000. But after June, Bitcoin started its struggle to retreat and, with a few here and there, it started to break several price barriers.
In November, a time came when Bitcoin managed to break its all-time high record. At that time it went upto US$ 19,700+, which only brought it near to another milestone of US$ 20,000. But before it could surpass 20K, it went down and lost about US$ 3,000. It was a major setback since September 2020, otherwise Bitcoin’s price trending was moving up fast. Some thought that the Bull-Run had ended but the majority believed that the Bull-Run is continuing. It was also said that before achieving a milestone, it is usual for Bitcoin to get a blow and then move forward.
As of today, Bitcoin had not only broken its earlier record of 30th November but set up a new record in history. The current price of Bitcoin had surpassed US$ 20K barrier and had been trading on for US$ 21,977.12. The price movement for Bitcoin had been reflecting a further increase in the value by 13.20%. This meant that Bitcoin’s value will go even beyond US$22,000 if it hadn’t been taken down by any unwarranted circumstances.
What is more important is whether Bitcoin would be able to close the week well above US$ 20 K or 22 K prices. But before that, a new debate had crept in regarding the future of the digital asset industry. Dave Weisberger who is the CEO and founder of CoinRoutes said what would be the future of digital assets in the future. Would they overtake fiat currencies or they would be used only as an alternative to cash, he said.
However, what is important now is that Bitcoin had made a strong comeback. Most importantly how Bitcoin would like to say goodbye to 2020.