Bitcoin has risen above 28000 it is predicted to grow
Software

Bitcoin has risen above $28,000, it is predicted to grow tremendously again in the future

On March 19, Bitcoin’s price surpassed $28,000 for the first time since mid-June last year. In the past seven days, the cryptocurrency is up 27% in price. Currently, the cost of one bitcoin is $28,293 according to the Coindesk resource.

    Image source: Kanchanara Avatar/unsplash.com

Image source: Kanchanara Avatar/unsplash.com

In the last 24 hours, the cryptocurrency has traded for at least $27,000, peaking at $28,479. Bitcoin’s market cap in 2023 increased by $194 billion, a 66% increase since the beginning of this year. In this respect, the cryptocurrency has clearly outperformed Wall Street banks, especially against the background of a general increased fear of a possible development of a banking crisis. US bank valuations have fallen sharply following recent events – the closure of Silvergate and the collapse of Signature Bank and Silicon Valley Bank.

According to former Coinbase CTO Balaji Srinivasan,A looming global banking crisis could push the price of Bitcoin to $1 million in less than 90 days. According to his predictions, a banking crisis in the United States could trigger hyperinflation, which will cause the price of a popular cryptocurrency to surge into seven figures. It is known that Srinivasan does not scatter predictions in vain and set $2 million for the fact that the cost of bitcoin will surpass $1 million by roughly mid-June, while bitcoin fell below $20,000 on March 10.

About the author

Robbie Elmers

Robbie Elmers is a staff writer for Tech News Space, covering software, applications and services.

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