Bitcoin (BTC) hit new highs of over $ 18,750 on November 20, as the recent expanded bull run continued to delight investors.
The BTC price inches closer to all-time highs
Data from Cointelegraph Markets, Coin360 and TradingView showed that BTC / USD climbed rapidly after recovering $ 18,000, taking its previous high of $ 18,420 to continue rising.
At press time, local highs of $ 18,817 brought Bitcoin to within $ 1,250 of all-time highs from December 2017.
The latest gains come as altcoins are also starting to hit historical levels, which have been untested for several years.
When we talked about the market̵
“The halving happened this year, which of course is historically good for the price, bit history also says that the year after the halves is much more important,” he told Yahoo! Finance.
“Bitcoin was the asset that performed best last year, 2019. It kills it this year; it just crushes all other hedges and asset classes this year, 2020. But in 2021, I think Bitcoin could be the year of the fireworks, so if people are interested, they really should realize that the best probably has not yet come. “
Data from monitoring resource Skew underscores how much Bitcoin has surpassed macro alternatives. Bitcoin’s annual return is a total of 160%, while gold has only managed 22%, and the S&P 500 is even less appealing 10.9%.