Why is it important
Firstly, it’s wow! Secondly, it’s a sort of psychological barrier for investors. Now Bitcoin has all chances to go as high as $12-13K. The daily transaction volume is now over $2 billion, and it’s not planning to stop growing.
What can we learn from it
- Skyrocketing BTC price can be mostly attributed to crypto currency adoption by the traditional financial markets.
- Another factor is a huge fear of missing out coming from the audience outside the typical crypto enthusiasts’ community.
- Finally, Bitcoin adoption is not local anymore – it is growing worldwide.