As of 25 November, Bitcoin remains on the up-and-up. In fact, it may break its 2017 record and surpass $20,000 if things carry on as they are.
Of course, pinpointing the exact surge in value would be anyone's guess. For one, BTC has had its ups and downs for years now, and the recent bullish run is just history repeating itself.
A lot of this came from PayPal adopting the currency, and Joe Biden winning the Presidential election. Not even the news that a Bitcoin denier will take hold of the US Treasury has been able to impact the currency's march to the top, a double impressive feat when you consider it.
Hitting $20,000 is one thing, but staying there is another matter altogether. Some fear that should BTC break this barrier, stakeholders will start dumping the asset to cash in quickly and thus drive the currency's dip in value.
However, TheTIE founder Joshua Frank has cited data about Bitcoin sentiment, arguing that over 50% of investors regarded the cryptocurrency positively in light of its recent climb to the top.
Even if it were to drop below $18,000 for example, this would not mean an immediate precipice for the currency.
So, what can investors realistically expect? A more stable value at around $18,000 is what most people expect.
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