Can you believe the $ 146,000 forecast for Bitcoin?
Bitcoin hit new highs after breaking the level of $ 56,000 in recent hours, the highest level ever recorded by the virtual cryptocurrency.
Earlier, the "Bitcoin" currency rose to breach the level of $ 56101, but it recorded a rise during the past hours by 9% to settle in Saturday morning's trading at $ 55681. The total market value jumped to the level of $ 1038.5 billion, according to the "CoinMarket Cup" platform.
And these record highs recorded by the "Bitcoin" currency may lead to the expectations of the International Investment Bank, "JP Morgan", which expected in a research note the first of last month, that the currency would achieve significant additional gains in the long term to reach 146 thousand dollars, because it competes. With gold to attract investment flows.
He pointed out that the market value of Bitcoin might rise 4.6 times to a theoretical price of $ 146,000, to match the total private sector investment in gold through exchange-traded funds or bullions and coins.
In terms of the combined gains of digital currencies, it jumped in the past hours by 3.4%, winning about $ 56.4 billion, after it rose from the level of $ 1662 billion in trading on Friday to about $ 1718.4 billion in trading on Saturday morning.
In second place, the "Ethereum" currency, which jumped in the past hours by 5.6%, to reach the level of $ 2011, its highest level ever. The total market value increased to settle at $ 231.8 billion.
And the "Binance Coin" currency ranked third after it jumped by nearly 120% during the last week, but it rose during the past hours by 21.2% to settle at $ 289 in morning trading. The total market value rose to about $ 45.4 billion.
In fourth place came the "Polka Dot" currency, which recorded an increase of 24.4%, to settle at $ 37.58 in Saturday morning trading. The total market value jumped to the level of 34.3 billion dollars.
And the "Tizer" coin, which came in fifth place, increased by 0.01%, to settle at $ 0.999 in trading on Saturday morning. The total market value jumped to the level of 34.1 billion dollars in morning trading.