A couple of weeks back when bitcoin first surpassed its previous $20,000 all-time high, many people thought that the coin would settle at a value slightly higher than its previously-attained record. However, the bull run had considerably more surprises in store for us.
After riding the uptrend wave to $40,000, bitcoin seemed to have settled in the mid $35K range, but yet again, this wasn’t all. Propelled by positive industry news and a true belief in its future as the world’s main digital currency, bitcoin has yet again increased, this time reaching an all-time high of $56,512. This places the coin on the clear path to $100K, and many analysts believe that this psychological barrier will be surpassed in 2021.