Since it first appeared, the value of bitcoin has continued to increase. Even as of today the value of this cryptocurrency has reached US$ 28,000 equivalent to Rp 397 million (exchange rate Rp 14,098).
That means if you have 1 bitcoin can buy 2 new cars of MPV class. New Avanza for example, for this year the cheapest type price is priced at about 197 million.
Bitcoin has indeed experienced a very significant increase. This digital money has exceeded the value of Visa (V) or Mastercard (MA), even Walmart (WMT). This surge is a new record cryptocurrency that 11 days ago continued to soar from the value of US$ 20 thousand.
Quoted from CNN, Monday (12/28/2020) the increase in the value of bitcoin was driven by several factors, among which many investors have invested into bitcoin or other cryptocurrencies during the COVID-19 pandemic. That's because the Federal Reserve set interest rates close to zero during the pandemic and is predicted to be long-term. That certainly weakens the U.S. dollar exchange rate.
Although in the world the number of bitcoins has limits, investors believe that if bitcoin runs out the value of this digital currency continues to increase. The soaring optimism of bitcoin is also driven by the large number of high-end investors hoarding digital money, as well as the growing number of financial companies that have allowed bitcoin transactions.
As leaders at BlackRock (BLK) recently said cryptocurrencies can replace gold, and two financial firms Square (SQ) and PayPal (PYPL) have allowed bitcoin transactions.
However, some have warned to remain cautious in the face of a bitcoin surge. Skybridge Capital founder Anthony Scaramucci says bitcoin is an easy asset
change and risk. He predicts bitcoin could suddenly fall 20% to 50%.
“You have to be very careful,” he added.