Bitcoin continues to rise! A two-week high

Bitcoin continues to rise! A two-week high

 

Bitcoin continues to rise! A two-week high

The dust has settled on the US$1.9 trillion stimulus policy, and cryptocurrencies have become a haven for inflation and have seen significant gains. As of 10:36 today, spot Bitcoin continued to jump in early trading and hit $53,761, a two-week high since February 23.

As Bitcoin breaks through the historical high of $50,000, digital currency has become the focus of market attention. Unlike the retail carnival in 2017, Bitcoin has increasingly attracted the attention of many institutional investors.

Bitcoin’s crazy rise in the past few months has forced large Wall Street players to re-evaluate this cryptocurrency.

 

So far, it has been recognized by multinational institutions, and Tesla and Citibank have successively announced the purchase of Bitcoin in high-profile. Moreover, a comprehensive report released based on data from Paxful and Paybis shows that there are more than 120 merchants supporting Bitcoin payments. Recently, the Japanese e-commerce giant Rakuten announced that all its Japanese stores support the use of Bitcoin and Ethereum.

On March 5th, Goldman Sachs Digital Assets Director Matthew McDermott said that institutions have a huge demand for Bitcoin investment. 40% of the customers surveyed have been exposed to cryptocurrency, 76% believe that by the end of this year, the price of Bitcoin will be between 40,000 and 100,000, and 22% of customers believe that the price of Bitcoin will exceed $100,000.

61% of customers expect their digital asset holdings to increase in the coming year.

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