Bitcoin passes the $20 000 mark

The price of bitcoin has shown a significant increase in recent days. According to Coinmarketcap, the cost of the first digital coin was above $20,000. At the same time, the capitalization of the industry exceeded $1 trillion.

Analysts believe that the rise of the crypto market may be associated with macroeconomic factors. So, for example, one of the likely prerequisites for the growth of BTC and other cryptocurrencies was the publication of the consumer price index in the United States, which showed a slowdown in inflation in the country.

Not only the digital asset market has grown recently, but also the stock markets of other countries of the world. Experts believe this is a marker of investors’ attention to risky assets, including digital currencies.

Meanwhile, Trezor CEO Matei Jacques believes that the main crypto coin can compete with conservative financial systems. At the same time, the value of the asset is not as important as it is commonly believed.

The Trezor top manager predicts a consolidation of the crypto market this year and then the emergence of a bullish trend. The company regards bitcoin as a fairly simple technology with significant potential.

“Once you start looking at bitcoin in a broader context, it will become clear to you that this technology provides financial self-sufficiency. At the same moment, you will understand that its price is secondary,” said Jacques.

Another crypto enthusiast recently spoke out in favor of the first crypto coin. Climate VC CEO Daniel Batten wrote on his Twitter page that “Bitcoin is arguably the most important ESG technology of our time.”

According to him, the positive impact ratio of the main crypto asset in the ratio of 31:1 was calculated by interviewing network engineers, climatologists, miners, experts in the fight against methane emissions and specialists in the field of solar and wind energy exploitation.

Based on the results of the study, 21 options were deduced in which bitcoin can have a positive impact on the environment, and only five situations where the first crypto coin can negatively affect the environment.