Bitcoin sets all new price records, on February 20, the cryptocurrency rate exceeded $ 57 thousand

Bitcoin sets all new price records, on February 20, the cryptocurrency rate exceeded $ 57 thousand

A number of analysts expected another rise in bitcoin to a new maximum, said Gleb Kostarev , director of Binance in Russia and the CIS.

According to Bohdan Prylepa CTO of Prof-it Blockchain Ltd and COO in Bitcoin Ultimatum, this crypto rally is because of central banks’ actions. Their incessant money printing is causing jitters in institutions and high net-worth investors. “They are now seeking value-preserving havens of which Bitcoin emerges as a prime candidate with better qualities than gold.”- he added

Market news became the reason for overcoming the next price maximum. One of the world’s largest investment companies, BlackRock, also announced its interest in cryptocurrency.

MicroStrategy announced investments in bitcoin, first for $ 600 million, and then for another $ 300 million. Also, interest is fueled by the constant discussion of news about the purchase of bitcoin by Tesla.

The demand for bitcoin, and therefore its value, may well continue to grow.

The market’s attention is drawn not only to bitcoin: altcoins are also showing significant growth. So, this week, the value of the largest altcoin by capitalization, Ethereum, increased by 7%.

Earlier, Invest Foresight reported that interest in bitcoin has also increased among Russian investors.