Despite the fall in cryptocurrency in January, Bitcoin first reached the value mark of $42.5 thousand and continues to gradually grow.
The systematic growth of Bitcoin began in the fall of 2020, it remained until mid-January 2021. After the cryptocurrency reached a record high of $40 thousand, the rate began to gradually fall and stay around $30-35.
Bitcoin exchange rate chart for the last 24 hours on Coinmarketcap exchange
One of the incentives for the growth of Bitcoin could be the news that the Tesla company Ilona Mask invested more than $1.5 billion in cryptocurrency. Also in the future, the company will accept cryptocurrency to pay for goods and services.
What will happen to Bitcoin next - no one knows. Some analysts reported that cryptocurrency was revalued at the rate of $30 thousand, while others predicted growth up to several hundred thousand dollars. But a sharp collapse, as at the end of 2017, has not yet happened, but the growth rate has also noticeably decreased.