Bitcoin (BTC) continued to soar, recording its latest all-time high record early this morning at $ 29,285.
There may be investors who are eager to see Satoshi Nakamoto's assets continue to soar above $ 30,000 in the near future.
The $ 30,000 level is not impossible as the BTC spike is driven by THREE factors:
$ 2.3 TRILLION ASSISTANCE PACKAGE
On Monday, US President Donald Trump reportedly signed a US $ 2.3 trillion COVID19 aid package and a US $ 600 government fund, including a stimulus package for most Americans.
Bitcoin reacted optimistically to news of the economic stimulus, as happened with the announcement of a $ 2.3 trillion package by the US government in April 2020.
An increase in stimulus packages that impact the recovery on the economy would put pressure on the US dollar, instead giving Bitcoin an edge.
INVESTMENT IN BITCOIN TOTAL $ 100 MILLION
Hong Kong-based business firm Greenpro Capital has announced a $ 100 million debt increase in the first quarter of 2021 to buy Bitcoin, calling the asset worthwhile.
TREND ON GOOGLE
Since Bitcoin gained attention in 2020, the keyword ‘How To Buy Bitcoin’ has increased throughout the year. Active Bitcoin wallets are also seen to jump more than 100% by 2020.
This indicates that the crypto currency market is starting to become the focus of more retailers.
At the time of writing Bitcoin was trading at $ 28,627, down 0.2%.
