What is the concept of increasing BTC to 20000 US dollars (will BTC increase to 100000 US dollars)
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What is the concept of btc rising to $20000? According to btc.com data, the total market value of Bitcoin Cash cash (BCH) has reached $500 million. The transaction cost on the Bitcoin blockchain is as high as $150 million. According to the BTCCoin market website, as of 11:46 today, BTC’s quotation was $3.68, which is more than four times higher than yesterday, an increase of 299%. The current quotation is $10.67; From the Bitfinex platform, BTC and USDT worth over $500000 have been transferred to Coin Security. In addition, some users claim to hold a large amount of BSVs, but it is reported that these tokens are sold through exchanges, so this portion of the funds is sourced from overseas investors purchasing them. Moreover, due to the increased demand for this digital asset in the market, the price has significantly increased
Will BTC increase to 100000
Editor’s note: This article is based on data and is authorized to be reprinted by the Daily Planet.
According to data from btc.com, the price of Btc in the past 24 hours was around $10300, an increase of over 300% compared to its highest price on May 19th (approximately $7400); During the same period, the price of Bitcoin fell by over 60%, rising from its lowest point of $6100 to over $8800 now; In addition, as of now, 16 exchanges have started to liquidate and handle contract transactions related to BitcoinSV and BSV; Among them, the USDT trading on Bitstamp ranks first in terms of trading volume
In addition to the announcement of production reduction in April, there are other news to remind investors of risks:
1. The U.S. President’s Financial Market Working Group is planning to add Cryptocurrency to its strategy
2. Major institutions such as the Bank of Japan Association, the International Organization of Securities Commissions and the European Central Bank are considering adopting blockchain technology to solve the trust problem in the global payment system
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