Cryptocurrency Analysis

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The cost of bitcoin once again updated the historical maximum

While the whole world was celebrating February 14, bitcoin quotes again crept up after a small stop in the area of $ 47 thousand. As a result, the first cryptocurrency updated its historical maximum, for the first time in history, stopping at $ 49.4 thousand. The reason for this growth was the news about the next major investment in bitcoin from a giant financial company.

The investment company Counterpoint Global, which is a structural division of the financial giant Morgan Stanley, is showing interest in bitcoin. This division of the bank is engaged in the search for companies and assets that show significant growth and great potential. After the announcement from Counterpoint Global, the price of bitcoin went up and the asset rose by 7% during the day, reaching a record high of $ 49.4 thousand. As of February 15, the cryptocurrency quotes are held at the level of $ 48.8 thousand.

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It is not surprising that only the news about the interest of such a giant in the cryptocurrency market caused a big stir in the market. Bitcoin continues to grow in value and become an increasingly attractive asset for financial conglomerates such as Morgan Stanley, Tesla, and Bank of New York Mellon. The main digital asset is moving in the direction of large investments from world-famous companies, which will bring stability to its position in the market, as well as generate greater confidence from retailers.

Experts predicted bitcoin to reach the mark of $ 50 thousand only by the end of the month, but as of February 15, the cryptocurrency is already a step away from this mark. Given the overall dynamics of the growth of the price of the main digital asset and its confident position, the value of bitcoin will continue to grow with minor drawdowns in the indicators. Bitcoin consistently updates the maximum value only against the background of announcements and favorable news, but when it comes to investment operations, the value of the asset will go into space. This will affect the growth of the total capitalization of the cryptocurrency market, which responds to the constant growth of the main digital.

Given the gradual introduction of bitcoin and other cryptocurrencies into financial structures around the world, the assumption that at the end of 2021 the value of the main digital currency may reach $ 200 thousand seems slightly underestimated. And the cryptocurrency market in terms of total value may well take a swing at the top 3 in terms of global capitalization, surpassing Microsoft and Amazon.




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Artem Petrenko
Analytical expert
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