{"id":1813,"date":"2020-12-16T16:10:48","date_gmt":"2020-12-16T16:10:48","guid":{"rendered":"https:\/\/thenextweb.com\/?p=1332229"},"modified":"2020-12-16T16:10:48","modified_gmt":"2020-12-16T16:10:48","slug":"winklevoss-comes-out-of-meditation-to-witness-bitcoins-record-high","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=1813","title":{"rendered":"Winklevoss comes out of meditation to witness Bitcoin\u2019s record high"},"content":{"rendered":"\n

Bitcoin BTC<\/a> broke $20,000 to set new all-time highs on Wednesday around three years after its previous price record.<\/p>\n

\"Bitcoin,<\/figure>\n<\/p>\n

Almost on cue, the rally sent major cryptocurrency exchange Coinbase temporarily offline, turning profit-taking from the sudden 6% surge into a headache for traders.<\/p>\n

Bitcoin pumps when Winklevoss meditates?<\/h2>\n

The new record highs sent Bitcoin to the top of Twitter\u2019s trending topics as BTC fans rushed to hit publish on fire tweets they\u2019ve been keeping for the occasion (who can blame them?).<\/p>\n

Indeed, the last time Bitcoin was worth this much was in December 2017. But after trading as low as $3,200 a year later \u2014 more than 80% below its record highs \u2014 it\u2019s back.<\/em><\/p>\n

\n

I just finished meditating and when I looked at my phone I was greeted with this. We did it! #Bitcoin<\/a> has surpassed its all-time high \u2014 congratulations to all you HODLers out there. pic.twitter.com\/6blOuEkAWY<\/a><\/p>\n

\u2014 Cameron Winklevoss (@cameron) December 16, 2020<\/a><\/p>\n<\/blockquote>\n

\n

One word: Bitcoin.<\/p>\n

\u2014 Edward Snowden (@Snowden) December 16, 2020<\/a><\/p>\n<\/blockquote>\n

\n

#bitcoin<\/a>\u2019s price is so high now that @coinbase<\/a> is just going to stay offline permanently.<\/p>\n

\u2014 Inane Foibles\ud83c\uddfa\ud83c\uddf8\ud83c\uddee\ud83c\uddea\ud83c\uddea\ud83c\uddfa (@inanefoibles) December 16, 2020<\/a><\/p>\n<\/blockquote>\n

The rally comes after a flurry of interest from the coveted institutional class <\/em>this year.<\/p>\n

Jack Dorsey\u2019s fintech Square allocated 1% of its assets<\/a> ($50 million) to BTC, followed by the NASDAQ-listed MicroStrategy, which has bought over half a billion dollars<\/a> worth of the cryptocurrency since August (and plans to buy even more).<\/p>\n

<\/i><\/a>Like clockwork.<\/figcaption><\/figure>\n

Then there\u2019s MassMutual, a relatively large mutual life insurance company. It recently announced its general fund was buying up BTC in a bid to diversify its portfolio<\/a>. So too did UK asset manager Ruffer<\/a> earlier today.<\/p>\n

Not to mention, industry giant PayPal added support for Bitcoin<\/a> and other cryptocurrencies in October.<\/p>\n

Bitcoin is now up nearly 190% in 2020, having jumped from under $7,200 to $20,633 at pixel time.<\/p>\n

This is not investment advice. Don\u2019t pretend it is. Always do your own research.<\/em><\/p>\n

Published December 16, 2020 \u2014 16:10 UTC <\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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