As of 11:30 p.m. on the night of January 3 (Korean time), Bitcoin is recording $33,804, up 8.2% from 24 hours ago in the US coin market. Bitcoin also exceeded $34,000 during the intraday, Bloomberg reported.
The reason Bitcoin is rallying recently is because it has abundant liquidity due to the world’s ultra-low interest rate according to Corona 19, and because institutional investors are entering the market one after another, ants are also following purchase.
As a result, experts believe that bitcoin’s rally will continue for the foreseeable future. Anthony Trancef, managing partner and co-founder of NEXO in London, the world’s largest cryptocurrency (virtual currency) lender, told Bloomberg, “Bitcoin will be “Bitcoin will eventually exceed $400,000,” said Scott Minard, chief investment officer at Guggenheim Investments.
(Seoul = News 1)
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