Ethan Miller / Getty Images filefter a two-month climb that saw the cryptocurrency’s value double, marking the first — some say second — time in history it has reached the all-time high.
The last time bitcoin mania was at its peak was in December 2017 when the cryptocurrency hit $20,000. In the following months, bitcoin had wild swings, with the value dropping as low as $5,500. Janet Yellen, who was chair of the Federal Reserve at the time and who is now President-elect Joe Biden's pick for treasury secretary — warned then that the cryptocurrency was a “highly speculative asset” and not a “stable store of value.
“Bitcoin and other cryptocurrencies are becoming a must-have for some of the traditional players,” Paone said. “Square has been successful adding it [to its app] and other companies have taken note and added it to their platform, most notably PayPal and Robinhood. It’s table stakes — and a lot of companies are looking at this like they are missing out if they are not adding it to their portfolio of products.
“Names like Guggenheim Partners, Paul Tudor Jones, Stan Druckenmiller, and the recent support from Michael Saylor at Microstrategies and Jack Dorsey at Square and Twitter are telling,” he said.
deweyjcooper Hows it feel?
One billion dollars in bitcoin was seized by U.S. this week.
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The vaccine is a chip, a microchip in injection form to get all data about you and put a tracker on you. Stay away from it. They didn't even try to hide it. It's all a government plan to take control of our minds and build a society where we are like mindless servants to them.