Cryptocurrencies

Bitcoin (BTC) capitalization exceeds that of Warren Buffet – Cryptocurrencies

waren buffet bitcoin

We may soon be entitled to shows with economists, renowned investors, politicians as guests, who will come to admit that they were wrong about Bitcoin (BTC).
Warren Buffet’s company is being overtaken by Bitcoin. And no one knows yet when the bulls will stop running.

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It explodes on all sides!

According to data from Digital Assets Data, December 2020 is the 2nd month with the highest volume of transactions in the history of Bitcoin, with a total amount of $ 252.37 billion as of December 30, 2020.

Other indicators such as the number of unprocessed transactions in the mempool and network transaction fees suggest an increase in the level of activity on the network.

According to statistics from Google Trends, the term ” BitcoinHas been one of the most searched words on the web since February 2018.

Sales BTC small and large wallets continue to increase.

Death to the rat got the better of Warren Buffet

The explosion in the price of Bitcoin increases its interest both among experienced traders and the general public.

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On December 30, 2020, the market cap of Bitcoin reached $ 539 billion, surpassing that of the finance giant, Berkshire Hathaway, led by Warren Buffet who called Bitcoin “rat death”.

Bitcoin hit a new ATH above $ 34,000 in January 2020.

For the founder of Coingecko, Bobby Ong, the price of Bitcoin could follow a path that would take him to $ 100,000.

New institutional investors could buy significant amounts of Bitcoin in 2021, joining the rank of pioneers as Grayscale and MicroStrategy.

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Will Bitcoin’s growing popularity end up working against it? Are governments at risk of prioritizing Bitcoin elimination in their agenda, feeling the weight of the threat it poses to fiats? Bitcoin is exploding statistics, it is only a matter of time before it explodes the dollar and the whole machine with major malfunctions behind the greenback. Will Warren Buffet change his mind about BTC especially if the price of BTC exceeds that of a kilo of gold? Until now, his opinion on Bitcoin was not important then …

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