#He #Bitcoin (BTC) reached this week a rcord de ms de US $ 28,000 per unit, thus ending 2020 with a gain accumulated of more than 295%, in a year in which the interest of large institutional investors and the search for new safe-haven assets due to the coronavirus (#Covid-19) crisis fueled its meteoric growth.
#According to different analysts of the cryptoassets market, the consolidation of its use and accumulation by numerous investors for value reserve imposes a new support price on #Bitcoin and no strong downward corrections are seen in the near future.
#Based on the quote board of the specialized page #CoinMarketCap, #Bitcoin was trading this #Wednesday at US $ 28,644, with a rise of 6.37% compared to yesterday’s close, #So since it topped $ 20,000 for the first time on #December 16, the world’s most famous cryptocurrency has risen more than 40% in just two weeks.
“#We are closing the year with a paradigm shift that produces widespread optimism and leaves the traditional detractors of #Bitcoin speechless: the commitment to this cryptocurrency no longer comes from investors and speculators, but from the financial industry itself, which has begun to give their growing support “, pointed out to #Tlam #Andrs #Ondarra, #Bitso #Country #Manager for #Argentina.
#In this sense, #Bitcoin experienced in 2020 an increasing demand from large investment funds and institutional investors, attracted by its qualities of easy transaction and limited units, which make it similar to assets such as gold or other value reserves.
#According to #Finance #Magnates, so far this year, cryptocurrency funds and products have already accumulated inflows of US $ 5.24 billion, purchases that have intensified in recent days, especially after #Christmas.
“#Large purchases moved the needle considerably and made the capitalization of #Bitcoin exceed US $ 524,000 million,” said #Magdiela #Rivas, #Paxful’s manager for #Latin #America.
“The market sentiment is very positive and it is not seen in the next few days that there will be a great correction,” said #Rivas, for whom one of the reasons that explain the upward path of BTC is that “only 22% of bitcoins existing ones are forming part of the market. “
“#This means that there is little supply, which makes the price continue to rise and until now there is no ceiling,” he said.
#For #Maximiliano #Hinz, #Latam #Operations #Director of #Binance, the new rise of #Bitcoin “marks another milestone in the history of the cryptocurrency, since it further consolidates the price above the support of US $ 25,000”.
“#Additionally, what is called the season of alternative cryptocurrencies began, which have begun to rise other cryptocurrencies and not only #Bitcoin,” #Hinz told #Tlam, referring to other of the more than 5 thousand cryptocurrencies that are in circulation, which “shows the increase in interest on the part of minority investors, after a rally of institutional investments.
#Specialists agree that the purchase and sale of cryptocurrencies through the #PayPal platform is one of the triggers of this interest in the #United #States, since the company began to market them last #November.
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https://www.mdzol.com/dinero/2020/12/30/el-bitcoin-supero-los-us-28000-cierra-2020-con-ganancia-de-295-129643.html
##Bitcoin #exceeds #closes #gain