03.02.202112:43 Forex Analysis & Reviews: Bitcoin surpasses all expectations: cryptocurrency jumps to $2,000 per day

The year 2021 marked the beginning of bitcoin's rapid ascent to the top of the financial Olympus. Having reached a relative low of $20,000, the financial asset began a rapid rise. We have already talked about the development of the stablecoin supply coefficient, which has already indicated the rapid growth of the first cryptocurrency. February should be the starting point for the rising price of the asset.

However, Bitcoin's performance exceeds even the wildest expectations. As of today, February 3, the price of bitcoin per day increased by $2,000, to $36,5000. Despite the increased demand for stablecoins, and, accordingly, for cryptocurrencies in general, no one expected such a sharp rise in bitcoin.

The sharp "boom" became the reason for rethinking the growth opportunities for the first cryptocurrency. Indeed, in early January, the digital asset overcame the historical barrier and set a new one - at around $42,000. And given the growing demand and the actively developing cryptocurrency market, Bitcoin will soon update its historical record.

Recall that the current wave of strengthening of the digital resource has been going on since mid-December with slight weakening. At the same time, the cryptocurrency has not yet reached its peak indicators. Scott Minerd, the CIO at Guggenheim Partners, believes such an increase in the price of bitcoin is quite logical and suggests that the price of the first cryptocurrency may reach $400,000-600,000 in the foreseeable future.

This forecast is quite justified, given the new jump in cryptocurrency prices and the general growth of the digital asset market. Do not forget about the constantly increasing flow of investments in cryptocurrencies, which also actively affects the development of the market and the increase in the market for electronic assets.