bitcoin

For the first time ever, Bitcoin, the world’s largest cryptocurrency, topped $30,000 registering a major milestone just at the beginning of the New Year 2021.

This comes weeks after the coin advanced almost 50pc in December when it breached $20,000 for the first time ever.

Right now, the current price for Bitcoin is $33,037.20 which is Sh3,625,502.33 in local currency. In the last 24 hours, the price of Bitcoin has spiked by 13.4pc.

According to Bloomberg analysts, the path of least resistance for bitcoin is on the higher side, and the cryptocurrency could more than double from its current value in 2021.

Bitcoin will maintain its propensity to advance in price into 2021, in our view, with macroeconomic, technical and demand [versus] supply indicators supportive of $50,000 target resistance, implying about a $1 trillion market cap,” noted Bloomberg Crypto in a monthly report.

Here’s how netizens received the news of a new Bitcoin milestone:-

 

Nigel Jr

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