When Bitcoin reached a value of 20.000$ for the firs time, most of us thought it was a hype. However, nowaday’s more and more people consider this cryptocurrency a real investment opportunity that can make them rich. These feelings got confirmed recently as the coin, better known as digital gold, reached a new all-time high, just 2 months after it reached 112.000$ per coin.
Bitcoin Reaches All Time High of more than 115.000$
The digital world is on a high right now. Nvidia is worth more than 4 trillion dollars, the first company to ever reach the milestone, but we’re not here to talk about that; we’re here to talk about digital gold! In the past week, Bitcoin has surpassed its previous all-time high by reaching $118.000 per Bitcoin. The crypto reached the value of $1 per coin in 2011, and in 2020, it reached the milestone of 20.000 per coin for the first time. This means that in the past 5 years, the value has increased nearly 6 times. While this sounds incredible, most investors think that the coin will reach a value of 1.000.000 dollars per Bitcoin!
The price of the coin saw a huge rise after multiple governments and companies acknowledged that Bitcoin is a good asset to have. However, this does not mean that you just have to invest
The Bitcoin Pizza Just got more expensive!
The pizza index was created after someone bought 2 Papa johns pizza’s for 10.000 bitcoin. Around the time of ordering these pizzas, 10.000 coins were worth around 41$. The people who created the Bitcoin Pizza Index keep track of how much each slice of pizza would be worth. Today, each of those pizzas would have cost over 589 million dollars, and each slice would be more than 73 million dollars.
Dormant Crypto Whales Move Over $8,6B in Bitcoin!
In the same week that the cryptocurrency reached its peak of 118.000$ per Bitcoin, some crypto whales made big moves. Over 80.000 Bitcoins were moved in transactions of 10.000 coins per time. All of these transactions were made within 30 minutes of each other. It is unknown if all these wallets belong to one person or to a group of people. The total transaction was worth over 8.6 billion dollars!