Bitcoin digital currency set a new record during trading on Thursday, reaching 38 thousand and 133 dollars, after it also recorded during this day a record level not seen since its appearance 12 years ago, when it exceeded 37 thousand dollars.
According to Arabiya Net, the most famous digital currency, one day before this big jump, recorded a massive 10% increase in just 12 hours from Wednesday, To exceed $ 35,000.
It has been observed over the past week that the higher the price of Bitcoin on the Coinbase platform, other significant increases followed.
high net worth
When there is a bonus for Coinbase, this means that buyers on the platform are relentlessly seeking to buy Bitcoin. This increases buyers' demand for the digital currency everywhere around the world, which results in the price rising very quickly.
Although high net worth individuals typically buy Bitcoin through Grayscale Bitcoin Trust and CME BTC Futures Exchange, the massive Bitcoin buildup in MicroStrategy on Coinbase appears to be High net worth investors can still purchase digital currency on Coinbase.
In a note published on Monday, JP Morgan set a bold long-term price target for Bitcoin, expecting the cryptocurrency to rise to $ 146,000 in light of its competition with gold As a store of value, according to CNBC.
