Bitcoin managed to become the best performing asset in 2020, a year in which the whole world is in crisis.
Bitcoin shared its strength and ability to recover – you may recall that back in March when the novel virus hit the world, BTC’s price fell below $4,000 and look at it now.
Bitcoin becomes the world’s largest bank
Bitcoin just became the world largest bank. It’s listed among the most important banks in the world, and the crypto champ is placed on the first position.
— CompaniesMarketCap.com (@CompaniesMarke1) November 21, 2020
Twitter community goes crazy with excitement
On Twitter, analysts and traders have gone crazy with excitement.
JPMorgan market cap: $349 billion
Bitcoin market cap: $350 billion
Checkmate, Jamie Dimon. Checkmate.
— Pomp 🌪 (@APompliano) November 21, 2020
Check out Willy Woo’s post:
Post this now as while there's so much FOMO and strong fundamentals being blasted out, there's also signs of the market being overheated locally. I'd be very surprised if we break all-time-high on the first try without a rejection, or consolidation, before a second run at it.
— Willy Woo (@woonomic) November 21, 2020
Here’s another tweet from Scott Melker aka the Wolf of All Streets:
Grayscale is buying more bitcoin than is being mined.
Cash app and PayPal are soon to be doing the same.
That is 3 just companies.
Imagine when every company wants exposure. And you do as well.
Supply side shock is a near certainty.
Get your #Bitcoin while you can.
— The Wolf Of All Streets (@scottmelker) November 21, 2020