Infotech Bitcoin crosses $ 30,000 for the first time in its history

Bitcoin crosses $ 30,000 for the first time in its history




Bitcoin, the first decentralized cryptocurrency, saw its price exceed $ 30,000 on Saturday January 2 for the first time in its history. At around 2 p.m., it was worth $ 31,502.77, according to data compiled by the Bloomberg agency.

It had crossed for the first time the threshold of 20,000 dollars last December 16 and had reached new records in recent days by approaching the mark of 30,000 dollars.

“The appetite for risk” which is reflected in the purchases of this cryptocurrency “Remain indomitable”Germany-based independent analyst Timo Emden, director of Emden Research, said in a note. For him, “In view of the dynamics of the course, more historical highs could follow”.

Investment funds are starting to be interested

The recent surge started at the end of October with the launch of a cryptocurrency buying, selling and payment service by the online payments giant Paypal. In addition to this service intended for individuals, investment funds are increasingly interested in this asset in sudden price movements, although they have long been wary of it.

“Many private investors do not yet dare to approach and remain on the sidelines”, recalls Timo Enden.

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However, analysts at US bank JPMorgan recently estimated that “The use of bitcoin by traditional investors is only just beginning” : they compare digital and decentralized currency to gold.

Other reputable Wall Street bank analysts like Citi have started to follow the cryptocurrency price.

Decentralization

For many followers of bitcoin, the latter draws its appeal from its decentralization: created by a network itself invented by anonymous people in 2008, it therefore does not depend on any institution.

Not being backed by any asset or the economy of any country, the price of bitcoin has however observed dizzying variations.

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So in 2017, it started the year at less than $ 1,000, then saw its price soar over the months before a real surge between mid-November and mid-December, when prices had quadrupled in less than a month. After peaking near $ 20,000 on December 18, 2017, prices then melted throughout 2018, ending that year at just over $ 3,000.



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