Within the last 24-hours, Bitcoin (BTC) price hit an intraday high of $18,466.14 and this is just roughly 8% lower than the magical $20,000 figure being watched by many traders.
However, investors in several countries such as Russia, Argentina, Brazil, and Mexico have already seen their Bitcoin holdings hit a new all-time high in their local currency. Even Bitcoin’s market capitalization has hit a new record high, topping the high created in December 2017.
With institutional investors finally arriving in herds, it seems it is only a matter of time before Bitcoin finally overtakes $20,000 and sets a new all-time high.
Adding to the list of high profile billionaire’s acquiring Bitcoin, Ricardo Salinas Pliego, Mexico’s second-richest man, recently announced that he had invested in the digital asset. Accordion to Pliego, 10% of his liquid assets are held in Bitcoin.
Daily cryptocurrency market performance. Source: Coin360
Even existing investors have added to their holdings. Galaxy Digital chairman and CEO Mike