Bitcoin briefly cracked $40,000 on Jan. 7, reaching a new all-time-high of $40,180.15 at 1:21 p.m. EST according to CoinGecko. It then plummeted nearly $3,000 before jumping back to its current $39,200.
‘Bitcoin is better at being gold than gold’: SkyBridge Capital’s Scaramucci
Wall Street Star Anthony Scaramucci also said that if the new digital gold’s market cap reaches just half of old yellow gold’s—about $5 trillion—BTC’s value would increase tenfold
Scaramucci is the latest traditional finance heavyweight to join the ranks of open Bitcoin proponents. As Modern Consensus reported in mid-December, the participation of institutional investors and big-name investors is the main reason why many believe this Bitcoin bull run to be different from the previous ones.
Bitcoin passes $26K as bulls charge
Spurred on by mainstream institutional investors, the milestone came just hours after bulls rushed past $25,000
Bitcoin powered well past $26,000 hours after breaking $25,000 on Dec. 26, continuing a price spike that began in November when BTC was below $14,000. At press time, Bitcoin had reached above $26,700 before retreating slightly, according to CoinMarketCap.