{"id":12910,"date":"2022-06-23T13:52:04","date_gmt":"2022-06-23T13:52:04","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoins-hovering-around-the-20k-value-can-it-go-any-higher-anytime-soon\/"},"modified":"2022-06-23T13:52:04","modified_gmt":"2022-06-23T13:52:04","slug":"bitcoins-hovering-around-the-20k-value-can-it-go-any-higher-anytime-soon","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoins-hovering-around-the-20k-value-can-it-go-any-higher-anytime-soon\/","title":{"rendered":"Bitcoin\u2019s hovering around the 20K value, can it go any higher anytime soon?"},"content":{"rendered":"<p><b>(Originally posted on : Analysis Archives &#8211; Best Bitcoin Exchange )<\/b><br \/>\n<br \/><\/p>\n<ul>\n<li>\n<p dir=\"ltr\">Bitcoin&rsquo;s value saw an increase of 2% in the last 24 hours, with an increase in its volume by 3%.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Michael Saylor of MicroStrategy said that a person needs 100 hours of studying to understand Bitcoin.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Citibank announced that it would develop Bitcoin Custody Services.<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">Bitcoin (BTC) is by far the largest cryptocurrency in terms of market capitalization, and this is still the case despite the recent &ldquo;crypto winter.&rdquo;<\/p>\n<p dir=\"ltr\">There have been numerous discussions surrounding this cryptocurrency, as well as its overall potential future, and as such, we are going to look into each of these updates individually.<\/p>\n<h2>Michael Saylor&rsquo;s comments and Citibank&rsquo;s Bitcoin custody services platform as catalysts for growth<\/h2>\n<p dir=\"ltr\">The CEO of MicroStrategy Inc., Michael Saylor, said that the average person needs 100 hours of dedicated learning to get a deep understanding of how the Bitcoin network actually works and why it is unique.<\/p>\n<p dir=\"ltr\">According to Saylor, &ldquo;It is 100 times bigger than the next substitute of the next competitor.&rdquo;.<\/p>\n<p dir=\"ltr\">This bold declaration was made whilst answering questions from a&nbsp;<a href=\"https:\/\/twitter.com\/saylor\/status\/1539331838082162689\" rel=\"noopener noreferrer\" target=\"_blank\"><u>Fox Business journalist on June 21, 2022.<\/u><\/a><\/p>\n<p dir=\"ltr\">Alongside that, Citibank, which is a major global banking institution,&nbsp;<a href=\"https:\/\/www.businesswire.com\/news\/home\/20220621005892\/en\/Citi-Partners-with-METACO-to-Develop-Institutional-Digital-Asset-Custody-Capabilities\" rel=\"noopener noreferrer\" target=\"_blank\"><u>revealed that they had hired Switzerland-headquartered crypto custody firm Metaco<\/u><\/a> with the main goal of establishing a digital asset custody platform.<\/p>\n<p dir=\"ltr\">This collaboration will put focus on tokenized securities, which are representations of stocks and bonds, which are transferred and settled through the utilization of blockchain technology.<\/p>\n<h2>Should you buy Bitcoin (BTC)?<\/h2>\n<p dir=\"ltr\">On June 23, 2022, Bitcoin (BTC) had a value of $20.717.98.<\/p>\n<p dir=\"ltr\"><img src=\"https:\/\/media.igms.io\/2022\/05\/23\/1655988020921-8f5bbd91-3e23-4d7b-b236-240a736e4c81.png\" class=\"fr-fic fr-dib\"><\/p>\n<p dir=\"ltr\">In order for us to get a better perspective as to what kind of value point this is for the Bitcoin (BTC) cryptocurrency, we will be going over its all-time high point of value, as well as its performance throughout the previous month.<\/p>\n<p dir=\"ltr\">When we take a look at the all-time high of the cryptocurrency, Bitcoin (BTC) reached a value of $69,044.77 on November 10, 2021.<\/p>\n<p dir=\"ltr\">However, when we take a look at the performance throughout the previous month, Bitcoin had its highest point of value on May 4 at $39,820.49.<\/p>\n<p dir=\"ltr\">Then, the lowest point it got was on May 12, when it saw a value of&nbsp;&nbsp;$26,759.85.<\/p>\n<p dir=\"ltr\">This signaled a decrease in value of &nbsp;$13,060.64 or by 32%.<\/p>\n<p dir=\"ltr\">Based on this, Bitcoin (BTC) can reach a value of $24,000 by the end of July 2022 if it breaks past the $21,000 price barrier.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.bestbitcoinexchange.io\/news\/bitcoins-hovering-around-the-20k-value-can-it-go-any-higher-anytime-soon\/\">Bitcoin&#8217;s hovering around the 20K value, can it go any higher anytime soon?<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.bestbitcoinexchange.io\">Best Bitcoin Exchange<\/a>.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/www.bestbitcoinexchange.io\/news\/bitcoins-hovering-around-the-20k-value-can-it-go-any-higher-anytime-soon\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Analysis Archives &#8211; Best Bitcoin Exchange ) Bitcoin&rsquo;s value saw an increase of 2% in the last 24 hours, with an increase in its volume by 3%. Michael Saylor of MicroStrategy said that a person needs 100 hours of studying to understand Bitcoin. Citibank announced that it would develop Bitcoin Custody [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":12911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[37],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12910"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=12910"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/12911"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=12910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=12910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=12910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}