The value of Bitcoin has now exceeded the price of one kilogram of gold, reaching over $85,000. In the past 24 hours, the cryptocurrency has increased by more than 10% and has solidified its position above $89,000, leading to speculation that it could reach $100,000 by the end of the month. Bitcoin's market cap has reached $1.77 trillion, making it the eighth largest asset, and some believe it will eventually surpass gold in market cap as well. Market experts predict continued price growth for Bitcoin, with some estimating that it may not peak until October 2025. The positive performance of Bitcoin has also impacted other crypto-related assets, with record-breaking trading volume for Bitcoin ETFs and equities. Additionally, there are indications that the US may create a Strategic Bitcoin Reserve, which could further bolster Bitcoin's value.
- Content Editor ( cryptopolitan.com )
- 2024-11-12
Bitcoin price surpasses 1kg of gold as value climbs to record levels