Market Wrap: Bitcoin Solidly Trades Above $20k; High Influx Of Institutional Investors On Bitcoin Treasury Bills Effective

Bitcoin set a fresh all-time high on Thursday, after rising 65% to 22,770 by 0833 GMT just a day after smashing the $20,000 milestone for the first time.

The world highest profile cryptocurrency has gained more than 175% this year buoyed by demand from larger investors attracted to its potential for quick gains and perceived inflation hedging qualities.

Smaller coin ethereum which often moves in tandem with Bitcoin, was trading 1.75% higher.

As Bitcoin prices surged to their highest ever prices, industry investors are pulling assets and going into Bitcoin treasury bills for hedging.

Crypto bulls have pointed to increased demand  from institutional investors for bidding as a hedge against inflation like gold amidst unprecedented U.S. coronavirus stimulus.

79 thoughts on “Market Wrap: Bitcoin Solidly Trades Above $20k; High Influx Of Institutional Investors On Bitcoin Treasury Bills Effective”

  1. Always been a lover of bitcoin, 2020 bull run will be more sustainable than that of 2017 considering institutions bidding on bitcoin treasury bills, I think we won’t crash anymore, 20k is the new low guys
    #bitcointreasurybills

  2. Wow 2021 finna be lit! For crypto, I think am gonna sell my momma house buh discount rates are kinda poor though,, hope this improves overtime. Winks

  3. Long awaited, nice one from blockchain tech, 31days bid discount rate kinda low for me, I think am all in on the 90days bid, finger crossed

  4. Bitcoin treasury bills is a beast that has been waiting to be unleashed, institutional money is coming in, Total market cap is going up, the world is changing, fiat is loosing value, millions in bids everyday, bitcoin 1trillion market cap is sure before the end of 2021

  5. The world is about to experience a complete financial system revolution, banks have been robbing us with there so called system, bitcoin has no central authority, strictly peer to peer, now with bitcoin treasury bills a new system is born!!!!

  6. This is the right time for bitcoin treasury bills, with the 2nd wave of corona virus, I think another lockdown is inbound, staying at home couldn’t be better.

  7. I never believed in bitcoin, was in this world when it was $200 per bitcoin and now it’s $22000 plus…. Just wow…. Am going all in this.

  8. Am from Nigeria and our tbills have crashed to the earth, am diverting all available funds to bitcoin treasury bills

  9. Even if one buys bitcoin above $20k, bitcoin treasury bills will never make u fear the price. As you bid, your satoshi value increases

  10. Great to read my fellow bidders here. Wish y’all could connect and have fun. I made more money in bitcoin treasury bills than I made in this bull run

  11. Bitcoin is really a ground breaker, financial institutions are threatened already, with bitcoin treasury bills trending, financial institutions will soon go to ruins

  12. Bitcoin treasury bills is ruin fiat, given what covid did to the world economy, btbills is like a safe haven for the oppressed and manipulated

  13. I was involved in a street fight in Brooklyn last night and this dude cut me with a military knife and guess what happened, I bleed badly, I was bleeding bitcoin blood, my blood was made of bitcoin.

  14. Bitcoin treasury bills is a great source of side income, it makes one invest money and stil get money through the upfront payment that will last you before the next bid

  15. The fact that no bitcoin has no central authority is the right ingredient, atleast nobody would be worried if btbills would crash or not

  16. As a wizard I felt the positive vibrations of the earth when bitcoin treasury bills was created, I was so pleased that finally a sustainable system has been born

  17. Unlike paper money being printed out of thin air, bitcoin has a total supply of only 21million in the world, no inflation, with bitcoin treasury bills I think the world will be in a better place financially

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