Bitcoin reaches $ 20,000 for the first time in history
Most of the highly liquid altcoins supported BTC's rise. During the day, the price of ETH increased by 6%, while XRP and ADA showed an increase of 8.8% and 6%, respectively. During the 2017 rally, all data indicated that institutional investors were not interested in buying bitcoin. This time around, institutional clients have seen an unprecedented surge in activity. For example, the Grayscale fund recently announced that it already has more than $ 13 billion in holdings. Institutional investors are unlikely to invest with short-term withdrawal plans. Many of them are already looking at Bitcoin as a store of value and an alternative to gold.