$BTC Sets New All-Time High Just One Day After It ‘Went Public’

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On Tuesday (October 20), just one day after shares of the first U.S. Bitcoin futures fund — ProShares Bitcoin Strategy ETF (BITO) — started trading on the New York Stock Exchange (NYSE), the Bitcoin price set a new all-time high (ATH) above the $65K level.

Regarding yesterday’s launch of ProShares’s Bitcoin-linked ETF, Michael J. Saylor, Co-Founder, Chairman, and CEO of Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR), whose company HODLs more bitcoin than any other publicly-listed company in the world, wrote on Twitter:

Although it is very difficult to establish to know the exact previous ATH price since cryptoasset prices vary across exchanges, it was generally accepted that it was somewhere below $65,000. In particular, according to data by TradingView, on Bitstamp, before today (October 20), the ATH price was $64,439, and this was set on April 14.

Well, around 13:42 UTC, on Bitstamp, the $BTC price surged above the $65,000 to undeniably set a ATH.

One-Day BTC-USD Price Chart (Bitstamp) by TradingView




Currently (as of 14:15 UTC on October 20), on Bitstamp, BTC-USD is trading around $65,854 (although it got as high as $66,230 at 14:02 UTC), which means it is up 5.48% in the past 24-hour period.

Late yesterday, Tyler Winklevoss, Co-Founder and CEO at Gemini Trust Company (the owner and operator of the Gemini crypto exchange), said that it had taken too long (over eight years) for the price of Bitcoin to go from $68 (back in July 2013) to where we are now:

A few minutes ago, Bitcoin advocate and influencer Anthony Pompliano (aka “Pomp”), who is Co-Founder and Partner at crypto investment firm Morgan Creek Digital Assets, reminded everyone that less than three years ago he had been asked on CNBC if Bitcoin was a fraud:

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

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Featured Image by “bridgesward” via Pixabay


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