After hovering around $60,000 for many days, the bitcoin price hit another record high a few days ago, surging up to $61,000, then falling back to around $59,000, and now rising to $60,000.
During this latest round of bitcoin price ups and downs, some people have made big profits, and naturally others have blown their positions. Information from BitHome shows that 133,714 people across the network blew their positions in 24 hours, and 7.075 billion dollars went up in smoke.
The largest single blowout lost $8.95 million, or about 58.64 million yuan, just like that.
Of course, such a story will not end, the $60,000 price of bitcoin is certainly not the limit, after stabilization will hit higher prices, the previous prediction is that it will rise to $100,000, and even some institutions predict the future of $400,000 a piece is not a dream.
In a monthly report released this week, Bloomberg noted, “Our charts show that bitcoin saw significant growth in both 2013 and 2017, jumping 15 times and 55 times, respectively …… If bitcoin is to reach a similar price limit in 2021, the cryptocurrency could rise to close to $400,000.”
Bitcoin rose above $62,000 on the 13th, a record high, on the eve of its IPO on U.S. cryptocurrency exchange Coinbase.
AFP reports that bitcoin came in at $62,377 and has soared 114 percent so far this year.
According to Reuters, mainstream markets are increasingly receptive to bitcoin as an investment and payment tool, and the low interest rate environment is prompting investors to seek out higher-yielding assets.
Large corporations such as Bank of New York Mellon (BNY Mellon), Mastercard Inc and Tesla Inc have all endorsed cryptocurrencies or made investments.
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