$25K for One Bitcoin The First In History

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The price of bitcoin (BTC) topped $25,000 for the first time ever, a mere week after breaking $24,000 for the first time.

  • The price of the leading cryptocurrency continued its recent torrid run, setting a new all-time high of $25,005.53 before falling back to $24,971.23, up 6.28% on the day. Year-to-date BTC is up more than 240%.
  • Institutional investors are perceived to be driving this record-setting run. Among them: Anthony Scaramucci’s Skybridge Capital ($25 million in December); MassMutual ($100 million in December);  and Guggenheim (up to 10% of its $5 billion macro fund).
RECOMMENDED READ:  For the time being, institutional investors are not purchasing Bitcoin at 50% of all-time highs.

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