Bitcoin (BTC) exceeds €20,000 for the first time on Christmas Day

Bitcoin (BTC) exceeds €20,000 for the first time on Christmas Day

On this Christmas Day, December 25th, 2020, Bitcoin (BTC) gives us a gift: for the first time it has exceeded €20,000. Never seen since the launch of this cryptomonnaie in 2009.

Nothing can stop Bitcoin (BTC), the king of cryptomoney has seen its price exceed 20,000€ several times over on 25 December 2020. Since crossing its Bitcoin Pro former ATH (All Time High), its highest price, Bitcoin has not weakened. It’s even the opposite!

While several analysts saw the price of Bitcoin correct around $18,000, this has still not happened. Moreover, it is possible that this correction will never happen, the future will tell us, because the

BTC price is extremely volatile.

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More and more companies are getting into Bitcoin

The number of new companies converting part of their cash into bitcoins is increasing. Mogo plans to allocate 1.5% of its assets into Bitcoin, manager SkyBridge is launching a Bitcoin fund, MicroStrategy announces that it has bought $650 million in Bitcoin…

According to the Bitcoin Treasuries site, around thirty companies have invested part of their funds in Bitcoin. And these are only the companies that have communicated publicly on this subject.

The number of purchases by institutional investors (companies, specialised funds…) seems to be increasing. According to an analysis by Ki Young Ju for CryptoQuant, the number of OTC (Over The Counter) deals, which are trades made outside the traditional channels, seems to be increasing via Coinbaise.