It’s happening again.
As Bitcoin rallies to make new 2020 highs, reaching closer and closer to its all-time high of $20,000, everyone is paying attention to the crypto king.
Retired rapper Logic, who has two Grammy nominations to his name, shared with his 2.4 million followers on Twitter that he has made a big investment into the digital asset. He didn’t reveal exactly how much.
— Bobby Bathroom Break (@Logic301) November 6, 2020
The crypto community congratulated him and celebrated another bitcoiner in his comments section.
In 2020, the leading digital currency has already turned many skeptics to pro-BTC. Nouriel Roubini, who once called BTC the “mother of all scams,” called Bitcoin a store of value in a recent interview.
Even legendary investor Bill Miller is “strongly” recommending buying Bitcoin despite the digital asset not generating any yield, like gold.
While PayPal integrated Bitcoin and crypto deep into its business just last month, JPMorgan sees BTC as an alternative currency that is in intense competition with gold.
Besides billionaire investor Paul Tudor Jones calling Bitcoin a hedge against inflation, the fastest horse, the digital asset, also found its way into publicly listed companies’ balance sheet as a reserved asset.
We recently reported how mainstream media has started to cover Bitcoin while rapper Kanye West and comedian Kevin Hart dropped the Bitcoin bomb.
Bitcoin has entered another cycle that sees it hitting new all-time highs. With the awareness and adoption increasing vastly, it would be interesting to see just how high we go this time.