The token jumped 5% to around $20,550 as of 09:30 a.m. ET on Wednesday, bringing its year-to-date gain to 185%. Bitcoin has notched steady gains this year as more investors warm to its potential as an inflationary hedge.
Some of the biggest bitcoin investors who have recently been singing its praises suggest they already own the token and are hoping to encourage more people to buy and boost its price, said the author, who is a contributing expert on cryptocurrency at the London School of Economics. This suggests Wall Street "whales" do this in order to sell their coins to smaller investors at higher prices.
Bitcoin breaking beyond the $20,000 barrier proves three theories supporting its role as an alternative to existing systems of paper money, according to Sergey Nazarov, co-founder at Chainlink.
you are behind time
horrible
WeekendInvestng Good to see a BTC retweet from you WeekendInvestng 😁
Bitcoin has too many flaws