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Bitcoin futures banging the closeBitcoin Surges Past $33, - TheStreet
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Bitcoin has more than tripled in value over the past year, and was up When asked if the surge in bitcoin could lead to the increase in value of other crypto projects such as ethereum and litecoin -- which were both up on Sunday -- Balter said it was likely that this rising tide could lift all boats. Some financial experts have suggested that one reason why bitcoin has seen a dramatic hike in value is the uncertainty created by recent high-profile cyber hacks and the Covid pandemic.
Balter also notes big momentum toward the end of last year for the crypto currency, including the crypto exchange Coinbase's progress toward an initial public offering, SkyBridge Capital's launch of a bitcoin fund, and words of confidence in the currency by advisers such as Ric Edelman.