Will 'money printer go brrr' rob Bitcoin of its all-time high?
Cointelegraph
Published Nov 24, 2020 01:43PM ET
Updated Nov 25, 2020 04:40PM ET
Bitcoin's (BTC) price rose to almost $20,000 in 2017 before losing more than 80% of its value to a multi-year long bear market. In the years since, the asset has never again come close to these price highs — until now. At time of publication, crypto's first currency is once again trading a few percentage points away from its previous milestone.
While crossing $20,000 may soon be celebrated as a psychologically significant threshold, Bitcoin will not actually reach its all-time high in terms of buying power at that point thanks to inflation.
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Written By: Cointelegraph
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