Investing.com investing.com 07 Jan, 2021 23:45 am

Bitcoin Hits Record High as Experts Tout $100K Next Stop By Investing.com

Bitcoin Hits Record High as Experts Tout $100K Next Stop By Investing.com
Bitcoin Hits Record High as Experts Tout $100K Next Stop

com – Bitcoin surged to a record high of $40,000 Thursday, and experts say the popular crypto can continue to ride on the coattails of institutional demand and risk-on momentum to above a six-figure price target.He added, however, that there was uncertainty over the time horizon when the popular crypto would reach those milestones.Recent events including the eroding of trust in the public sector officials have stoked demand for bitcoin amid a growing need to have insurance that "provides an uncorrelated hedge," but eventually the popular crypto will "transition into something much more important," Palihapitiya said.300156 by 18:02 (23:02 GMT) on the Investing.

300331 by 18:01 (23:01 GMT) on the Investing.It was the largest one-day percentage loss.

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