A New Historical All Time High – $20,000

ยท 18 Dec 2017 in Crypto News, Home

The most famous cryptocurrency has reached today new all time highs. Its price has crossed $20,000 in some exchanges. In this way, Bitcoin has broken every single record as possible. Since the beginning of the year, the main goals were to cross $1,000, $2,000, $5,000, $10,000 and now $20,000 dollars.

Bitcoin Surprised Everyone this Year

According to coinmarketcap, Bitcoin has reached this level on December the 17th at 12:19 UTC managing a volume in the last 24 hours of $15 billion dollars. During these last weeks and days, Bitcoin has suffered high volatility rates. Indeed, its prices has fluctuated thousands of dollars in just some hours. The old times passed when Bitcoin could be traded around some hundred dollars.

This rapid increase in Bitcoin is not solely for this cryptocurrencies. The market as a whole has experienced an incredible year, and the best gift is to see Bitcoin arrive at these numbers.

In some hours, the Chicago Mercantile Exchange (CME) will open its doors to Bitcoin investments. The Chicago Board Options Exchange did it one week ago and Bitcoin price surged after it. For the CME, we are expecting something similar, or even bigger. The CME is much bigger than the CBOE and the contracts involved are bigger. The CBOE allows just 1 Bitcoin contracts, while the CME allows 5 bitcoin contracts.

Mainstream media has also covered Bitcoin and the cryptocurrency market. These news outlets gave visibility to the different cryptocurrencies and shared the knowledge of these new markets.

In Venezuela or Zimbawe, where the economic and social situation is terrible, Bitcoin helped the population to survive. With high inflations rates, the citizens of these two countries are not able to save their money or go for shopping.

At the same time, there are different important investors and bankers commenting negatively about Bitcoin. They argue that Bitcoin could die because of regulations, that it was a bubble when it reached $4,000 dollars and that it was not going to keep its upward trend. In the end, we know who was right about it.

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