Bitcoin went up in price to $11,300, but went down

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Bitcoin reached the mark of more than $ 11,3 thousand per unit, repeating the course almost a year ago: in August 2019, it almost crossed the mark of $ 12 thousand per “coin”. Analysts quickly joined the discussion of the rate peak, suggesting that the growth is due to investors’ confidence in the crypt currency and strengthening of the infrastructure supporting it.

“In terms of infrastructure, bitcoins are more valuable today than a year ago,” said Elise Cailin, advisor to the investment fund Mantis VC (the fund was founded by musicians The Chainsmokers). She added that the networks are working without interruptions, which adds to the confidence.

There are also predictions that bitcoin will return to past peaks, but they are cautious. The probability of the rate of $20 thousand by the end of 2020 is estimated at 7%. The rate of $7 thousand by the end of the year and growth next year are seen as more real.