Since breaking the $20,000 barrier, just eleven days ago, Bitcoin has continued its astronomical rise to reach a new high above $28,000.
In my previous article about Bitcoin's price, Bitcoin Blasts Above $20,000 Achieving New All Time High, I wrote, "In my opinion, 20k in 2020 is the new 1k of 2016." What's followed has strengthened my view of that being the case. This is not to say that there won't be some dips along the way, but over the course of the next year, Bitcoin seems set for a 2017 style bull run. This time, however, at much higher prices.
Another difference, is that in 2021, much of the buying will likely come from corporations, investment funds, banks, high net worth individuals and possibly countries, rather than your average person on the street. With that much demand and so few Bitcoin available to purchase, an upwards surge seems inevitable.
My overall outlook... you know it... Bitcoin to the Moon!
On the 12th of July last year, I published the tragic story of Pastor Phil Vollman, in the article, Crypto Thief Fleeces Pastor of 14.2 Bitcoin and 507 Litecoin. This included a video interview with Phil, conducted by Brian the UK Bitcoin Master and Rocky Palumbo.
In that interview, a TallyCoin fundraiser was launched, seeking to return 14.2 Bitcoin to Phil. Twice a week since then, Brian the UK Bitcoin Master has used his YouTube channel as a platform to faithfully promote Phil's cause. During that time, 42 donations, adding up to just over 0.2 Bitcoin were received. Phil, being the sort of person that he is, was highly appreciative of every single donation, no matter the amount. He expressed this over and over, however, the possibility of reaching the target of 14.2 Bitcoin seemed out of reach.
That was, until yesterday, when an anonymous donor contributed 13.9995 Bitcoin to achieve the 14.2 BTC goal and bring about a Christmas miracle for Phil and his family.
Today, Phil returned to Brian the UK Bitcoin Master's YouTube channel, to discuss and celebrate this amazing turn of events. You can watch the video below.
Bitcoin has blasted above $20,000 and is rising as I type. This is an all time high and an historic day for the original cryptocurrency.
To all those who have held onto their Bitcoin through the cycles of bull and bear markets, take time to celebrate. This is just the beginning. In my opinion, 20k in 2020 is the new 1k of 2016.
Look out 2021, this Bitcoin ride is about to get wild. Bitcoin to the Moon!
Bitcoin to the Moon is dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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