The bitcoin exchange rate has exceeded $9,400 in the past day

Over the past 24 hours, the rate of the first cryptocurrency has increased by 19% and exceeded the $9,400 mark. After reaching this level, bitcoin became the most profitable asset this year.

Investor and entrepreneur Alistair Milne (Alistair Milne) noted that this year the rate of the first cryptocurrency increased by 27.4%. For comparison, since January 1, 2020, gold showed an increase of 13.1%, the Nasdaq index rose by 3.2%, but the S&P500 index fell by 8.3%. The Euro fell by 3%, but oil showed the harshest drop, losing 78% of its value.

According to the head of the trading Department of GSR, Richard Rosenblum, such an increase in the rate of the first cryptocurrency is caused by macroeconomic indicators:

“The latest surge above $8,000 is caused by both positive macroeconomic sentiment and the upcoming halving of the reward for miners. We have become much more confident about the future, because many countries shared their plans for economic recovery in may.”

Recently, venture investor Tim Draper (Tim Draper) again confirmed his forecast that the bitcoin exchange rate will reach $250,000 by 2023. He even promised to “eat a raw egg” if that didn’t happen.