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Bitcoin hits new high above $ 35,000
On Wednesday, January 6, the bitcoin rate continued to grow and crossed the $ 35,000 mark, setting a new record. Bitcoin Price Soars Over $ 35,000 At Around 1:24 EST (9:24 GMT), According to Coin Metrics.
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The rise in the bitcoin rate occurred just a few days after it fell in price by more than 10% to $ 29,316. This follows the rapid growth in the rate of the world’s most popular cryptocurrency in 2021 by more than 300%.
On Monday, the financial holding JPMorgan Chase published an analytical note with a forecast for bitcoin, according to which it could rise to $ 146,000, as it will compete with gold as an “alternative” currency. It should be noted that precious metals also increased significantly in price in 2021: the spot price of gold increased by about 25% over the year.
Anthony Scaramucci, founder and co-managing partner of SkyBridge Capital, told CNBC Capital Connection on Wednesday that his company is “highly optimistic” about bitcoin as a store of capital and believes it is “replacing” gold.
We add that in their note, JPMorgan analysts said that bitcoin will need to become significantly less volatile before it can match gold in market value.