As a matter of fact, BTC appears to be on track to reach its famed $20,000 value not seen since 2017. Its performance has been so convincing that billionaire Mike Novogratz gave a more bullish prediction, BTC will reach a value of $65,000. He even tried to convince Game of Thrones star Maisie Williams to buy into the cryptocurrency.
Whether Novogratz’s prediction will hold true remains to be seen. That said, a point can be made that BTC certainly is performing exceedingly well in a pandemic-ridden global economy that has created a plethora of new challenges.
So, perhaps the hype surrounding BTC is warranted. After all, investors must be getting tired of the topsy turvy nature of Wall Street, which is largely dependent on global developments. A prime example of this being Moderna and Pfizer‘s recent announcement that their COVID-19 vaccines have an effectiveness rate of 95%, after which markets rallied.
Of course, BTC could always fall flat and never reach its once-achieved height of $20,000 per share.
