On Wednesday, November 18, 2020, the price of bitcoin has been coasting along at levels not seen since the decentralized currency’s all-time high three years ago in 2017. The cryptocurrency’s market capitalization is currently hovering at around $334 billion today. Likewise, the daily rate of bitcoin issuance during the last three years makes the overall market valuation higher than it was when bitcoin touched $19,600 per coin.
Earlier this morning (EST), bitcoin (BTC) had surpassed the $18k per unit price zone, as the crypto asset has climbed a whopping 54% during the last 30 days. During the last 90 days against the U.S. dollar, BTC is up 53% and over the last 12 months against USD, the cryptocurrency is up a massive 123% to-date.
Three years ago, bitcoin touched an all-time high of $19,600 on Bitstamp, but because of the three years of bitcoin issuance from miners, BTC’s market cap is higher today than it was on December 17, 2017. Today, bitcoin is undoubtedly the best financial vehicle during the last decade, as it has surpassed stocks, equities, commodities, and nearly every asset under the sun.