It took 17 days for the most popular cryptocurrency, bitcoin (BTC), to jump from USD 20,000 to USD 30,000, and less than a week to hit USD 40,000.
At the time of writing (18:16 UTC) it reached this level on multiple exchanges, such as Binance, Bitstamp, and HitBTC.
After reaching this milestone today, the market capitalization of BTC stands above USD 740bn. This network is now more valuable than the popular electric car maker Tesla, controlled by the world’s richest person, Elon Musk, who in December was inquiring about a large BTC transaction.
BTC price chart:
Meanwhile, even before this strong rally, some industry experts predicted that BTC might reach USD 100,000 – USD 500,000 this year.