Bitcoin News Update noted that cryptocurrency analysts praised Bitcoin and assured speculators on the necessity to personal bitcoin tokens as a financial hedge. As the worth of Bitcoin BTC continues to rise, speculators and financial analysts hope that the coin will reach new heights. The speakers speculated that the price of Bitcoin BTC may attain the $20,000 mark before the top of the 12 months. During a debate with crypto traders, audio system made Bitcoin value predictions and agreed that the rising fee of Bitcoin BTC could not drop. According to data from eToro, there's a correlated uptick in Bitcoin (BTC) and gold positions on the platform. Digital asset buyers consider Bitcoin (BTC) as a digital gold and retailer of value. In accordance with a report by Cointelegraph earlier this month, there is new data from Bloomberg exhibiting that the correlation between gold and Bitcoin (BTC) had nearly surged by one hundred percent within the last three months. The report by the Swiss-primarily based Bank for International Settlements doesn’t current any notably novel questions on bitcoin and related virtual currencies.