Bitcoin makes a breakthrough beyond the $72,000 mark

The price of the first digital coin on Binance rose above the level of $72,000 paired with USDT, thereby updating its all-time high. At its peak, the Bitcoin rate rose to $72,060 on the crypto exchange.

Over the past 24 hours, the price of BTC has increased by 2.3%. On the weekly timeframe, the cryptocurrency rate increased by 10%.

The total capitalization of the digital asset market increased by 1.56% to about $2.68 trillion. Now the first crypto coin is trading in the $71,130-$71,060 fork.

According to CoinmarketCap, the market is still seeing significant inflows into Bitcoin ETFs amid investor interest fueled by the possibility of lower interest rates.

Pershing Square Capital CEO Bill Ackman admitted that the growth of the main digital coin would have serious consequences for industry and energy consumption. And this means that you need to think about buying Bitcoin.

According to the billionaire, such a significant increase in BTC could become a prerequisite for an increase in electricity consumption for the sake of cryptocurrency mining and provoke a depreciation of the American dollar.

“Bitcoin goes to infinity, energy prices skyrocket, and the economy collapses. Maybe I should buy some Bitcoin. The problem of course is that it also works in reverse,” Ackman wrote.

The chairman of MicroStrategy, Michael Saylor, who is considered a devoted Bitcoin supporter, responded by suggesting that the head of Pershing Square Capital consider buying BTC.

“You should buy some #bitcoin, but not for the reasons cited above. Most bitcoin miners are driving the cost of electricity down for other consumers, not up,” the businessman wrote in the comments.

What do you think of the news about the new Bitcoin high?