Bitcoin (BTC) Passes All-Time $40,000 Peak

This past Friday, Bitcoin surpassed the $40,000 mark for the first time.

Just hours later, it hit an all-time peak of $41,515.34.

There’s been a lot of speculation around what will happen with the future price of Bitcoin (BTC). Some industry experts are projecting that the value could hit $220,000 in 2021 with the surging hash-rates.

The Bitcoin network clocked it’s highest hash-rate ever at 136 exahashes/second this past December 2020.

Given how volatile the market is, it’s truly tough to understand what could happen. Let’s not forget that the Bitcoin (BTC) price peaked back in December 2017 at $19.497.36 and then plummeted more than 50% to $8621.89 by February 10th, 2018. See more for yourself here.

Regardless of what happens, the situation is extremely exciting and we here at Insider Tech look forward the bright future of this exciting cryptocurrency technology.