Coronavirus drives bitcoin to $ 20,000
The digital currency is on track to exceed its historical highs of 2017, at $ 18,674
"Something must really go wrong for bitcoin not to increase in value." And it is already difficult for 2020 to provide more turns of events. This is how forceful is the latest Bloomberg report on the largest cryptocurrency in the market, which ensures that all signs indicate that this year it will repeat the historic highs of 2017, when it reached $ 18,674 and demonstrated its potential.
But this document even goes further and implies that, if the upward path continues, the value of bitcoin could reach up to $ 28,000. "Last year, the maximum was about $ 14,000, which would translate to almost double in 2020 if you tour within the recent band," he says.
One of the reasons that has led the world's first digital currency to accelerate its maturation is the coronavirus pandemic itself. "The March swoon was a key test, that bitcoin easily passed, roughly at the same level as Nasdaq since 2017," he says.
And that at the beginning of March chaos reigned and it seemed that this virus was going to end bitcoin as a safe haven. Even Rob Sluymer, an analyst at Fundstrat Capital, regretted that it would take months to repair the damage.
But the streak was barely long. Bitcoin recovered the bullish path after the fall it suffered with the spread of Covid-19 and experts consulted by Finanzas.com assured that, despite the doubts generated after the collapse of the currency along with that of the stock markets, the cryptocurrency it is still considered a safe haven. And it is proving it.
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