The article states that Bitcoin is likely to reach record highs on more than 70 days this year, triple the number from last year, if its price continues to follow the pattern seen in 2017. The cryptocurrency has already hit $109,000 on January 20th, and in 2024 it set 23 records, the most since 2017 when it reached all-time highs on 77 days. The reaction to record highs differs between the crypto and traditional financial markets, with Bitcoin being seen as overheated and overpriced while assets like gold and equities often extend their bull runs. Gold, for example, reached new all-time highs at least 33 times in 2024.
Content Editor ( coindesk.com )
- 2025-01-23
Bitcoin May Hit Record Highs on More Than 70 Days This Year: Van Straten
