Bitcoin To $60,000 Next?
-Bitcoin investors are having a good week as the crypto has rallied back to $56k after dropping off
-The flagship cryptocurrency is close to its all-time high and many believe that it can break $60,000 soon
-Thy digital currency’s bullish run is partly aided by the Stimulus package bill passed by the US Congress
The King of Cryptocurrencies, Bitcoin has been making a bullish run which has led many to believe that it can push for $60,000.
The bullish run of the flagship cryptocurrency was aided by the $US1.9 trillion Stimulus check passed by the US Congress.
This is the third Stimulus Check received by Americans since the start of the pandemic.
Since the first check received in April 2020, BTC has risen by more than 8 folds.
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As the digital coin continues to rise, there have been talks about BTC overtaking Silver to become the sixth most valuable asset in the world.
For Bitcoin to achieve this, it would have to trade at $76,700 without an increase in the price of Silver.
At the time of this post, BTC is exchanging hands at $56,085, below its all-time high of $58,000.
