Bitcoin: The price of Bitcoin is roaring towards $ 40,000 (2021).

 The price of the top cryptocurrency reached an all-time high of about $ 42,000 a week ago before quickly returning to around 30,000 - more than sinking by 20%. But in recent days it has roared again and is again trading shy of 40,000.

Tough transfers illustrate how volatile Bitcoin has become and suggest that Bitcoin (XBT) investors are firmly on hold on what could be exciting if ultimately profitable.

The cryptocurrency is clearly benefiting from the recent weakness of the dollar and from this expectation the Federal Reserve will keep interest rates close to zero for a few more years. This confidence is reinforced by the fact that more mainstream financial institutions, such as BlackRock (BLK), are announcing Bitcoin as the 21st-century version of gold.

The Bulls also indicate that PayPal (PYPL) and Square (SQ) customers are allowing Bitcoin to be bought and sold, and that top investors such as Mike Novogratz, Paul Tudor Jones, and Stanley Druckenmiller have returned all cryptocurrencies.