For the first time in the history of a crypto-currency, Bitcoin has managed to overcome a value that breaks the $40,000 barrier this afternoon, and this translates into a disproportionate growth.
Bitcoin manages to overcome the barriers once again
We don’t have to go very far, specifically in the middle of last December, when each Bitcoin cost $20,000, so it has doubled in value in just one month and quadrupled in value from last year. The fact that its value has shot up is due to many factors, although the great interest of large US investors has a lot to do with the weakness of the dollar, added to the profits it generates, the expectations that cryptocurrencies will be a conventional form of payment in the future, or as a valuable product in times of pandemic.
If we add to that that recently JPMorgan Chase indicated that Bitcoin will be an alternative to gold as a valuable product, besides indicating that in the future, each Bitcoin could be worth $146,000, because we have the perfect bubble.
“While we can’t exclude the possibility that the current speculative fever will spread further by pushing the price of Bitcoin to around $50,000 to $100,000, we believe that such price levels would be unsustainable,” the company said.