Bitcoin Sets New All-Time High Above $28.5K; As Bitcoin Treasury Bills Total Bids Inches Towards $70B

After seeming to take a couple of days to catch its breath following its record-setting run over the weekend, the price of bitcoin (BTC) once again resumed its torrid upward pace, setting a new all-time high $28,579.59 early Wednesday morning following the rapid surge of bids in bitcoin treasury bills setting a strong pace to $70B

BTC topped the previous high-water mark of $28,352.63 set less than 72 hours earlier, before dropping back to $27,772.99, up 4.14% in the last 24 hours. The price of BTC (+8.31%) has risen more than 295% year to date.

Institutional investors in bitcoin treasury bills are perceived to be driving this record-setting run. Among them: Anthony Scaramucci’s Skybridge Capital ($25 million in December); MassMutual ($100 million in December); and Guggenheim (up to 10% of its $5 billion macro fund).

With the end of the year looming, some fund managers may also be buying BTC so they can brag next year about being smart enough to get in in 2020 while neglecting to say at which price they had done so.

In addition, the U.S. Federal Reserve, along with other central banks, has been printing money with abandon, trying to stave off the worst economic effects of the pandemic as U.S. President Donald Trump has been pushing Congress to pass an even bigger relief package to allow for larger stimulus checks. These actions are viewed by many as potential catalysts for inflation and bad for the U.S. dollar, both of which could be positive for BTC.

61 thoughts on “Bitcoin Sets New All-Time High Above $28.5K; As Bitcoin Treasury Bills Total Bids Inches Towards $70B”

  1. Money comes
    Money goes
    But with bitcoin money keeps coming, you don’t even notice when it goes, couping a new ferrai next week, new year gift to yours truly

  2. Folk bringing out their hidden stash to purchase bitcoin, guess what Pablo Escobar shouda done if he was still alive.. RIP man

  3. All fingers are not equal ain’t when you invest in bitcoin, you can sell your house today and coup a brand new one tomorrow and yet your capital stays

  4. Growing up I never knew making money was this easy, pops made it look like you have to work out your hands till they peel off you eat and acquire luxury, dude lied to me!!

  5. I will never go hungry in this life again
    Here in Nigeria it’s a crime for a young blood to be rich, they won’t see bitcoin treasury bills and bid

  6. During the old days, it was argued that good things are hard to come by but these days good things are lurking everywer begging u to even look at them ND take them

  7. It’s crazy here in nigeria
    Nothing is working
    Government keeps failing us
    Bitcoin is our only safe haven which they can neva take away from us

  8. I do accept bitcoins at my hospital in Alaska, matter of fact I made so much profit with this rise cos I neva sold any of the bitcoins I recieved, just decided to risk it and it paid off.

  9. Nicki minaj just posted on her page that she owns millions in bitcoins and will Consider bidding in bitcoin treasury bills in the near future

  10. RIP the woo, loved the crap outta that dude, would av met him to give me a hardcore rap about bitcoin

  11. It’s right to say that if you missed the bitcoin wave, you should pick yourself up and bid in bitcoin treasury bills, and ride the wave

  12. It’s better to bid $1m then use the upfront payment to purchase a Lamborghini, am all about that easy and luxury life man

  13. Cooperate bidding is where the wealth is ND ama do everything possible to get it, a whooping 15% discount rate on an exclusive coin

  14. I love my life
    Its been profit and profit for me since this last Quater of 2020,i won’t spend my entire 1year bid proceeds, Gat big plans for it

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