CryptoAlchemy
Sun Jul 14 2024
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7 answers
1755
How did bitcoin price break the $20,000 barrier?
Could you elaborate on the key factors that contributed to Bitcoin's price surpassing the $20,000 mark? Was it primarily driven by investor sentiment, or were there specific economic or technological developments that played a significant role? Did the rise in demand for digital currencies as a hedge against inflation or market volatility play a part? Did institutional investors start adopting Bitcoin, thus boosting its price? I'm curious to understand the underlying dynamics that pushed Bitcoin's price to such unprecedented levels.
