Bitcoin has continued to soar higher after our last market update. The cryptocurrency recently traded as high as $16,770, a new year-to-date high and a new multi-year high.
Many analysts saw this latest leg higher as notable as BTC moved above $16,600, the level at which John McAfee famously tweeted the following statement:
“Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else.”
Chart of BTC’s price action over the past day from TradingView.com Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Continues To Surge Toward $16,700
Analysts think the cryptocurrency rallies even higher in the days ahead. Tyler Winklevoss, CEO of Gemini and a