Bitcoin New All-Time High – What Next?

Bitcoin’s rise in 2020 has been nothing short of spectacular. The increased adoption from public companies puts a bid behind its price.

Yet, it still experiences extreme volatility. Last week, right on Thanksgiving, it dropped 13% in less than fourteen hours. This week it did something similar right after posting a new all-time high.

While the gains may be attractive, this kind of behavior makes it fairly easy for the 2017 history to repeat. Bitcoin needs to avoid such extreme moves if it wants the institutional investor’s community to pay more attention. On the other hand, it is difficult to do so with so many coins in the hands of a few.

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Disclaimer: None of the content in this article should be viewed as investment advice or a recommendation to buy or sell. Past performance/statistics may not necessarily reflect future ...

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