Crossed the $ 23,000 threshold

Bitcoin jumped 12% to $ 23,421, completing a jump of almost 30% in the last month alone, and above 200% since the beginning of the year.

There are those who even predicted another ascent up to an astronomical sum of hundreds of thousands of dollars. Thus, Scott Minard, CEO of the American Guggenheim Investment House, predicted yesterday that Bitcoin will grow to a rate of $ 400,000, due to the shortage of currency and a limited amount of coins.

The sharp rise in Bitcoin reminded many of the rise of digital currency in 2017 when it crossed the $ 20,000 threshold for the first time, but since then, as I recall, it has dropped to just a few thousand. However, according to estimates, this time the situation is different because Bitcoin investors are more dispersed and more institutionalized. On the other hand, even in 2017, Bitcoin predicted further high rises, which raises doubts about any appreciation for the digital currency.