Home » Bitcoin does not stand still, having broken through the threshold of 60 thousand dollars

Bitcoin does not stand still, having broken through the threshold of 60 thousand dollars

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The Bitcoin marks a new record level, breaking even the ceiling of 60,000 dollars. The cryptocurrency soars to 60,320, in the wake of the optimism of the markets linked to mass vaccinations and the signing of the $ 1,900 billion stimulus plan wanted by President Joe Biden. Americans should receive the first checks and transfers of $ 1,400 per person under the Biden plan starting this weekend. That money will also reach young investors, who have often invested it in over the past few months Bitcoin.

The price of bitcoin has grown by about 1000% in the last year thanks to the signs of a growing institutional interest but also of a highly speculative demand. Some analysts argue that bitcoin could act as a reserve currency a bit like gold and be a hedge against inflation and a weak dollar. Others, on the other hand, think that the phenomenon is a gigantic bubble inflated by monetary and fiscal stimuli that could soon burst as it did in 2017-2018.

The euphoria for bitcoin was also fueled by the moves of Elon Musk who through his subsidiary Tesla bought 1.5 billion of the cryptocurrency and enabled purchases of electric cars through bitcoin. And several other large companies, such as Apple, for example, may soon announce that they will invest in cryptocurrency and accept payments through bitcoin. And as in all euphoric phases of the markets, there are those who foresee dizzying thresholds that will be reached in the coming months.

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