The flagship cryptocurrency Bitcoin has today crossed a major $12000 resistance line. Bulls have finally gone pass-through this resistance level although there might be few major factors that have helped the bulls break this line. Some of the key reasons that could have been behind this surge:
- Barstool Sports organizer and web big name, David Portnoy, welcomed the Winklevoss twins to talk to them about Bitcoin and, crypto in general. The twins, Bitcoin billionaires, pitched BTC to Portnoy effectively, as he promptly opened his PC and bought both BTC and Chainlink. Among the contentions that he heard was that Bitcoin is better than gold. Since then, Elon Musk and NASA are planning on mining gold and different valuable metals in space from asteroids. Bitcoin, as indicated by Cameron and Tyler Winklevoss, is the scantest resource in the cosmic system and gold’s supply is probably going to be unbounded.
- Another likely reason behind this surge in bitcoin price could be because of a major announcement made by software giant Microstrategy. They have recently announced that they got hold of $250,000,000 worth of Bitcoin. The company has the vision of Bitcoin being the safe-haven asset and acknowledged Bitcoin to be a legitimate inflation hedge.